CNA938 Rewind - Banks, landlords demanding payments: Can mm2 survive the siege?
The Singapore-listed entertainment firm mm2 Asia is under severe financial pressure, burdened with borrowings of over S$200 million due within the next year, and facing demands from banks and landlords for repayment. The company has applied for a High Court moratorium to stave off winding-up resolutions for up to four months while it attempts to restructure and raise fresh funds. What’s next for the group? What does this signal about the media landscape here? Andrea Heng and Hairianto Diman speak with Assoc. Prof Natalie Pang, Department of Communications and New Media, NUS, find out.