mm2 Asia

[traderly]

UOB buy call TP $1.01 
http://www.mm2asia.com/component/k2/uob-...a-ltd.html

[traderly]

DBS rated buy TP $1.05 http://www.mm2asia.com/component/k2/dbs-singapore-equity-explorer-mm2-asia.html

[traderly]

DBS report from their website - http://www.mm2asia.com/component/k2/dbs-...-asia.html

Moviemaker mm2 Asia has entered into a non-binding term sheet to acquire a 51% stake in UnUsUal Group of Companies for $26 million.

&ldquo With UnUsUal, mm2 is poised to be the largest entertainment group in Singapore with business activities that will be synergistic to each other in many respects,&rdquo says mm2 Asia&rsquo s CEO Melvin Ang. Mm2 Asia plans to tap on UnUsUal&rsquo s network and expertise as a concert organiser and promoter for further growth.

UnUsUal Productions provides audio, staging and lighting design and technical solutions for a variety of events. UnUsUal Entertainment has also provided marketing services for Hong Kong and Taiwanese celebrities&rsquo concerts.

Mm2 Asia will pay a sign-on fee of $6 million to Ong Chin Soon and Ong Chin Leong once a sale and purchase agreement takes place. Mm2 will pay the Ongs $4 million in cash and $6 million in shares, if net profit at the end of twelve months is at least $5 million.

If three-year net profit is at least $15 million, mm2 Asia will pay them $10 million in cash or in shares.

The proposed acquisition is also dependent on the condition that the net profit of UnUsUal for FY2015 ended December is not less than $4 million.

[traderly]

Wow - Up to $7.5m raised at $0.83

http://infopub.sgx.com/Apps?A=COW_CorpAn...bcec08a138

[traderly]

Price has touched 1.06 and closed at 1.04, exceeded DBS and UOB's target prices.
Congrats on those who've been on the multi bagger

What's next for mm2 ? Regional Entertainment Conglomerate in the making?

[traderly]

StarHub to invest $18m to take 9% stake in mm2

[CY09]

Putting these 2 links here for a reason:

1. http://infopub.sgx.com/FileOpen/mm2%20-%...eID=381043

2. https://www.fool.sg/2016/03/27/what-a-pi...investing/

[CityFarmer]

I am neutral to corporate actions of stock-split, or the similar bonus issued. Higher Liquidity and an enlarged shareholder base, are legitimate reasons to me.

(not vested)

[traderly]

$25m + $25m or $50m MOU with Starhub was announced recently. Considering mm2 takes a healthy cut from production, it seems like 10m profit at least

http://infopub.sgx.com/FileOpen/mm2%20-%...eID=395106

More important than pizza

[traderly]

hmm, interesting news announced that Cathay owner taking a ~2% stake in mm2