mm2 Asia in option agreement to acquire Cathay Cineplexes

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SINGAPORE (Nov 2): mm2 Asia has entered into an option agreement with Cathay Organisation for the purchase of 100% of Cathay Cineplexes.

The move will see mm2 Asia acquiring Cathay Organisation's entire Singapore cinema operations and the venerable “Cathay" brand.

mm2 Asia says this is part of the group’s planned strategic expansion of its cinema business... (Click here to read the full story.)