Cathay Cineplexes to enter voluntary liquidation under IRDA

CCPL had received statutory demands and legal claims from various parties between July and August 2025.

Cathay Cineplexes Pte. Ltd. (CCPL), an associated company of mm2 Asia Ltd., will undergo a creditors’ voluntary liquidation following unsuccessful efforts to restructure its debts with multiple creditors.

According to a filing by mm2 Asia on Monday, CCPL had received statutory demands and legal claims from various parties between July and August 2025.

These included claims from DBS Trustee Limited (as trustee of Lendlease Global Commercial REIT), Frasers Centrepoint Trust, Century Square LLP, and others.

Despite attempts to negotiate payment terms, CCPL was unable to reach mutually acceptable restructuring outcomes. The board of CCPL determined that the company is no longer able to operate.

The board has resolved to proceed with a creditors’ voluntary liquidation under Singapore’s Insolvency, Restructuring and Dissolution Act 2018 (IRDA). Luke Anthony Furler and Tan Kim Han of Quantuma (Singapore) Pte Ltd have been appointed as joint and several provisional liquidators, pending formal statutory declarations.