Vividthree lodges offer document for spinoff and listing after Monday’s restructuring deal

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SINGAPORE (Aug 30): Vividthree Holdings (VVH), the visual effects studio 51% owned by mm2 Asia, on Wednesday lodged its preliminary offer document for the proposed spinoff and listing on the Catalist Board.

(See: mm2 Asia posts 13.2% increase in 1Q earnings to $7.3 mil)

Proceeds from the sale of new shares will be used to create VR (virtual reality content) and immersive media, develop or acquire intellectual property and expand via acquisition, joint ventures or strategic alliances.

The lodgement follows a restructuring agreement entered into on Monday between mm2 Asia's unit mm2 Entertainment and... (Click here to read the full story)