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BRIEF-MM2 Asia ‍proposes acquisition of Cathay Cineplexes business​
November 2, 2017 / 6:31 PM / 20 days ago

BRIEF-MM2 Asia ‍proposes acquisition of Cathay Cineplexes business​

Nov 2 (Reuters) - MM2 Asia Ltd

* ‍entered into option agreement to buy cathay cinema operations in singapore​ from cathay organisation private limited

* Total consideration payable for proposed acquisition is s$230 million

* Option agreement provides that purchaser will retain employees of seller related to cathay cineplexes business

* Proposed purchase not expected to have significant adverse impact on group’s EPS for FY ended 31 March​​ Source text for Eikon: Further company coverage:

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