Mm2 Asia disposes 21.02% stake in Vividthree Holdings
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Mm2 Asia has agreed to sell its 21.02% stake in Vividthree Holdings to Hildrics Asia Growth Fund VCC for $1.69 million, reducing its ownership from 29.89% to 8.87%. This sale, involving 97,553,226 shares at $0.01734 each, aims to enhance liquidity and improve financial flexibility, with proceeds allocated to repay liabilities. The transaction is expected to close on May 30 and may result in a loss of approximately $2.82 million.
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