SINGAPORE (The Straits Times/ANN): Singapore-listed mm2 Asia has entered into a heads of agreement for the possible merger of its Cathay cinema business with Golden Village cinemas in Singapore, which is owned by Orange Sky Golden Harvest Entertainment (Holdings) Limited (OSGH).
As part of the deal, the two companies aim to bring in new investors to inject more capital into the combined business, which would be the largest cinema operator here.
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