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mm2 Asia calls off Vividthree share disposal
This is due to the group’s current circumstances and market volatility.
mm2 Asia has terminated an agreement to sell 97.6 million shares in Vividthree Holdings, or 21% of its stake, to Hildrics Asia Growth Fund VCC on 8 September.
Both parties have mutually agreed to terminate the sale and purchase agreement due to mm2’s current circumstances and market volatility.
“The parties are of the view that the mutual termination is in their respective best interests,” mm2 said in a bourse filing.
The termination is not expected to have any material impact on its financial performance for the financial year ending 31 March 2026, the company said.
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