More time is needed, given the liquidation of its cinema operations and audit delays, says the entertainment company
[SINGAPORE] Entertainment company mm2 Asia on Wednesday (Oct 1) said it has applied to the Singapore Exchange (SGX) for another 90-day extension to hold the company’s annual general meeting (AGM) for the financial year ended Mar 31.
It is seeking to extend the AGM – originally due on or before Jul 31 – from the current deadline of Oct 29, 2025, to Jan 27, 2026. It also requested for a 90-day extension to issue its annual and sustainability reports for FY2025 from Oct 14, 2025, to Jan 12, 2026.
This is the second extension mm2 is requesting for its AGM. In May, it first applied for a 90-day extension to push the AGM deadline to Oct 29, from Sep 29, and to file its annual report by Nov 29, from Oct 30. These were granted by SGX and the Accounting and Corporate Regulatory Authority (Acra) in July.
In a bourse filing on Wednesday, mm2 said it was still securing the necessary funding for its audit, but its auditors have agreed in principle to start the audit once the company begins progressively repaying its outstanding invoices.
It also cited “complex accounting treatments” – linked to the liquidation of its cinema operations under Cathay Cineplexes, MM2 Star Screen and mm2 Screen Management – that require “careful analysis and discussion”. These include impairment assessments, recognition of provisions and other technical accounting adjustments, it said.
Acra grants extensions of only 60 days at a time, so mm2 said it applied for the first 60 days and will submit another application for an additional 30-day extension. This will put the AGM deadline at Jan 27, 2026.
Shares of mm2 closed 50 per cent or S$0.001 higher at S$0.003 on Wednesday, before the news.
