Brief: MM2 Asia enters into MOU to acquire stake in Rings.TV
17/10/2016 14:01
Oct 17 (Reuters) - MM2 Asia Ltd MM2A.SI -
* MM2 Asia enters into MOU to acquire substantial stake in
Rings.TV
* MOU to acquire up to 30% stake in Rings.TV for S$4.5
million over 12 months after binding investment agreement
* MM2 Asia will make initial investment of S$2.25 million to
acquire 15% of Rings.TV, with an option to increase its stake by
an additional 15%
Source text for Eikon: ID:nSN9SyK04
Further company coverage: MM2A.SI
((Bangalore.newsroom@thomsonreuters.com;))
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