---
title: "mm2 Asia successfully applied for a debt repayment extension for an additional four months | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281869833.md"
description: "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"
datetime: "2026-04-07T11:02:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281869833.md)
  - [en](https://longbridge.com/en/news/281869833.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281869833.md)
---

# mm2 Asia successfully applied for a debt repayment extension for an additional four months | Lianhe Zaobao

mm2 Asia, which is deeply trapped in a debt crisis, has been granted approval by the High Court to extend its debt repayment moratorium for another four months.

The mainboard-listed company mm2 Asia revealed on Tuesday (April 7) afternoon that its application, along with that of its subsidiary mm2 Entertainment, has been approved, extending the debt repayment moratorium until August 10.

mm2 Asia's joint venture, Cathay Cineplexes, has voluntarily entered liquidation. To avoid being liquidated by creditors, mm2 Asia applied to the High Court for a debt repayment moratorium last November, and its stock has been suspended.

#### Further Reading

mm2 Asia's placement of new shares fundraising plan failed to meet the prerequisites for share sales mm2 Asia plans to introduce SGD 25 million in new funds to advance restructuring plan

Such debt repayment moratoriums protect companies in the process of formulating financial and business restructuring plans from legal actions by creditors, including applications for liquidation.

mm2 Asia applied for a debt repayment moratorium last November and was approved on December 10. The original four-month moratorium has now been extended for another four months. mm2 Entertainment submitted its application at the end of January this year and was approved on February 20, with the relevant moratorium also extended to August 10.

According to reports from last December when mm2 Asia successfully applied for the debt repayment moratorium, its creditors include United Overseas Bank, Standard Chartered Bank, and Frasers Property Trust. Additionally, the company owes Linkwasha Holdings over SGD 7.55 million in principal and accrued interest, which is part of a SGD 30 million loan obtained in 2017 for the acquisition of Cathay Cineplexes

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