mm2 Asia seeking advice after FCT's $2.6m claim

mm2 Asia is currently seeking legal advice.

mm2 Asia Limited, in its capacity as a corporate guarantor for Cathay Cineplexes, is seeking legal advice after receiving multiple statutory demands amounting to $2.6m from Frasers Centrepoint Trust (FCT).

The claim arises from a deed of guarantee by mm2 Asia in favour of FCT, guaranteeing the obligations of Cathay Cineplexes, which is currently under a creditors’ voluntary liquidation.

Both CCPL and mm2 Asia are currently seeking legal advice regarding the demands and are engaging with the respective parties to explore options.

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