mm2 Asia has been granted approval to further delay the submission of its annual report until February 27 next year | Lianhe Zaobao

Still mired in financial difficulties and a debt crisis, mm2 Asia's annual return and shareholders' meeting have been further delayed.

mm2 Asia announced on Wednesday (November 26) after the market closed that after obtaining a waiver from the Singapore Exchange (SGX), the group applied to the Accounting and Corporate Regulatory Authority (ACRA) on November 18 to further delay the release of the annual return for the fiscal year 2025 and the holding of the annual shareholders' meeting.

The announcement stated that ACRA approved on November 24 to further delay the shareholders' meeting originally scheduled to be held before November 28 this year to before January 27, 2026.

Further Reading

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In addition, the annual return that mm2 Asia was originally scheduled to submit before November 29 this year, which had previously been approved for extension to December 29, has now been further approved for extension to before February 27 next year.

mm2 Asia has applied for a suspension of stock trading and has applied to the High Court for a debt repayment extension order to advance the restructuring work; the stock price before the suspension was SGD 0.003, having fallen nearly 80% this year