Shares & Derivatives
MM2 Asia stock IPO
By Singapore Stocks Investing (SSI)  •  December 3, 2014
MM2 Asia Ltd is launching its IPO on the Singapore Exchange. When I saw the words “MM”, I could not help but think of another “MM”. MM2 (“MM2 Entertainment”) here is a Singapore-headquartered film producer and distributor and I could only think of Spackman Entertainment Group stock as the only other similar stock in SGX though the latter is a Korean company. Hence we have it, MM2, a first local film producer to be listed on SGX. MM2 Asia launched its IPO with a placement of 37.4 million shares at $0.25 each with an aim to raise $5.7 million in net proceeds. Melvin Ang, the founder of MM2 Asia aspires MM2 Asia to be a media content company targeting the regional market. MM2 Asia has produced or co-produced and/or distributed in excess of 20 movies including the following notable titles: Ah Boys to Men (2012) Ah Boys ......
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By Singapore Stocks Investing (SSI)
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