mm2 Asia calls off Vividthree share disposal
mm2 Asia has called off the sale of 97.6 million shares in Vividthree Holdings, representing 21% of its stake, due to current circumstances and market volatility. The mutual termination of the sale agreement with Hildrics Asia Growth Fund VCC was agreed upon on 8 September, with both parties believing it to be in their best interests. mm2 stated that this termination is not expected to materially impact its financial performance for the fiscal year ending 31 March 2026.
This is due to the group’s current circumstances and market volatility.
mm2 Asia has terminated an agreement to sell 97.6 million shares in Vividthree Holdings, or 21% of its stake, to Hildrics Asia Growth Fund VCC on 8 September.
Both parties have mutually agreed to terminate the sale and purchase agreement due to mm2’s current circumstances and market volatility.
“The parties are of the view that the mutual termination is in their respective best interests,” mm2 said in a bourse filing.
The termination is not expected to have any material impact on its financial performance for the financial year ending 31 March 2026, the company said.
