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mm2 Asia receives demand for $794,393.01 from West Mall landlord Singapore Land Group

The Edge Singapore
The Edge Singapore  • 1 min read
mm2 Asia receives demand for $794,393.01 from West Mall landlord Singapore Land Group
mm2 shut down its cinema at West Mall in February
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mm2 Asia has been served yet another letter of demand, as the entertainment company deals with its shuttered cinema business.

In an announcement on Oct 30, mm2 Asia says it received a demand of $794,393.01 for outstanding rental and other charges from the landlord of West Mall.

mm2 Asia, via its subsidiary Cathay Cineplex, was running a cinema at the mall before shutting it down in February.

Located at Bukit Batok, West Mall is part of the retail portfolio of Singapore Land Group, in turn controlled by UOL Group.

mm2 Asia is asked to pay up within three weeks, or by Nov 19.

mm2 Asia shares last traded at 0.4 cents, down 60% year to date.

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