mm2 Asia successfully applied for a debt repayment extension for an additional four months | Lianhe Zaobao
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mm2 Asia has received approval from the High Court to extend the debt repayment moratorium by four months until August 10. The application from the company and its subsidiary mm2 Entertainment was approved to avoid creditor liquidation. mm2 Asia applied for the debt moratorium last November, and its stock has been suspended. Cathay Cineplexes has voluntarily entered liquidation. Such moratoriums can protect the company from legal actions during the restructuring period
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