Brief: MM2 Asia proposes acquisition of Cathay Cineplexes business

MM2 Asia

02/11/2017 18:23

Nov 2 (Reuters) - MM2 Asia Ltd  MM2A.SI  
    * entered into option agreement to buy cathay cinema 
operations 
in singapore from cathay organisation private limited 
    * Total consideration payable for proposed acquisition is 
s$230 
million 
    * Option agreement provides that purchaser will retain 
employees 
of seller related to cathay cineplexes business 
    * Proposed purchase not expected to have significant adverse 
impact on group's EPS for FY ended 31 March 
 
Source text for Eikon:  ID:nSNZ53x99B  
Further company coverage:  MM2A.SI  
 
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