SGX:1B0

4 stories mentioning SGX:1B0Updated 19d ago

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Mm2 Asia, Unit Seek Two-Month Extension of Moratorium Orders

Mm2 Asia (SGX:1B0) and its unit mm2 Entertainment have applied to Singapore's High Court to extend their respective moratorium orders by a further two months to Nov. 21.The companies are also seeking court approval to convene meetings of certain creditors to consider and vote on proposed schemes of arrangement, according to a Thursday Singapore Exchange filing.The applications will facilitate the proposed restructuring process and subsequent creditor meetings.Mm2 Asia said it will provide further updates when there are material developments.

SGX:1B0

Asia68d ago

Singapore Shares Close Week in Red Amid Chipmaker Selloff

Singapore shares remained in the red on Friday as investor sentiment was weighed down over a sell-off of chipmakers.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,491.51 and 5,521.84 throughout the day. It ended the session at 5,509.43, down 29.95 points or 0.5% compared to Thursday's close.On the corporate front, shares of Metech International (SGX:V3M) were up nearly 5% at the close as the company reported it has not credited placement shares to subscriber Ma Ong Kee as the allotment could result in transfer of controlling interest.Geo Energy Resources (SGX:RE4) closed nearly 3% lower as its Marga Bara Jaya (MBJ) Integrated Infrastructure commenced operations on July 16, marking the start of its expansion into infrastructure and logistics alongside its coal mining business.Meanwhile, Mm2 Asia (SGX:1B0) signed an agreement to place around 16.3 billion shares at SG$0.000918 per share to MMRA for a total consideration of SG$15 million as part of its proposed restructuring.

^STISGX:1B0SGX:RE4SGX:V3M

Asia69d ago

Mm2 Asia to Place 16.3 Billion New Shares to MMRA for SG$15 Million

Mm2 Asia (SGX:1B0) signed an agreement to place around 16.3 billion shares at SG$0.000918 per share to MMRA for a total consideration of SG$15 million as part of its proposed restructuring, according to a Thursday filing with the Singapore Exchange.The completion will result in a transfer of controlling interest and could trigger a mandatory general offer obligation.The media and entertainment company has applied to the Securities Industry Council for a whitewash waiver and confirmation that no chain offers will be required, with the placement conditional on shareholder approval.Meanwhile, proceeds from the placement will be used to repay debts and for general working capital.

SGX:1B0

Asia160d ago

VividThree Names CFO

VividThree Holdings (SGX:OMK) named Philip Tan Jing Choon as the company's chief financial officer, effective April 30, according to a Thursday filing with the Singapore Exchange.Choon most recently served as general manager of corporate finance and special projects at mm2 Asia (SGX:1B0).

SGX:1B0SGX:OMK

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