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PR Newswire
03-12-2014, 10:12 AM
A new IPO from a movie producer...
Movie producer mm2 Asia to list on Catalist
SINGAPORE (Dec 3): mm2 Asia, a Singapore-headquartered movie and TV producer, is seeking a listing on the Catalist board.
The company will place out 37.4 million shares, comprising 31 million new shares and 6.4 million vendor shares, at 25 cents each, valuing the stock at 16 times earnings for the year ended March 31 (FY2014).
The shares will start trading on Dec 9.
In business since 2008, mm2 Asia has a presence in Malaysia, Hong Kong, Taiwan and mainland China.
It has three business divisions - production, distribution and sponsorship.
Its production operations cover the entire process of creating audio-visual content, including securing financing for a movie, developing the script, appointing the cast and crew, and managing the post-production process.
The company also distributes its own movies as well as third-party content in Singapore and Malaysia. After the theatrical run of a movie has ended, it can license out the content rights to earn licensing fees.
On sponsorship, it offers advertisers a platform to promote their products and services by featuring them in its movies.
The company will use the net proceeds of $5.7 million to expand in Singapore and overseas through acquisitions, joint ventures or strategic alliances.
Plans are afoot to produce more movies with bigger budgets and to expand its licensing business.
At present, it has more than 10 movies in various stages of production.
Its past projects include Ah Boys to Men and Ah Boys to Men II, which were produced together with Jack Neo’s J Team Productions.
mm2 Asia generated revenue of $16.1 million and earnings of $2.7 million in FY2014.
Hong Leong Finance ( Financial Dashboard) is its sponsor, issue manager and placement agent.
Movie producer mm2 Asia to list on Catalist
SINGAPORE (Dec 3): mm2 Asia, a Singapore-headquartered movie and TV producer, is seeking a listing on the Catalist board.
The company will place out 37.4 million shares, comprising 31 million new shares and 6.4 million vendor shares, at 25 cents each, valuing the stock at 16 times earnings for the year ended March 31 (FY2014).
The shares will start trading on Dec 9.
In business since 2008, mm2 Asia has a presence in Malaysia, Hong Kong, Taiwan and mainland China.
It has three business divisions - production, distribution and sponsorship.
Its production operations cover the entire process of creating audio-visual content, including securing financing for a movie, developing the script, appointing the cast and crew, and managing the post-production process.
The company also distributes its own movies as well as third-party content in Singapore and Malaysia. After the theatrical run of a movie has ended, it can license out the content rights to earn licensing fees.
On sponsorship, it offers advertisers a platform to promote their products and services by featuring them in its movies.
The company will use the net proceeds of $5.7 million to expand in Singapore and overseas through acquisitions, joint ventures or strategic alliances.
Plans are afoot to produce more movies with bigger budgets and to expand its licensing business.
At present, it has more than 10 movies in various stages of production.
Its past projects include Ah Boys to Men and Ah Boys to Men II, which were produced together with Jack Neo’s J Team Productions.
mm2 Asia generated revenue of $16.1 million and earnings of $2.7 million in FY2014.
Hong Leong Finance ( Financial Dashboard) is its sponsor, issue manager and placement agent.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡