mm2 Asia unit receives payment demand for S$18.9 million from creditor

mm2 Asia's subsidiary, mmLive, has received a payment demand of S$18.9 million from creditor Yi Xianhuang, despite the parent company securing creditor protection earlier this month. This follows a previous demand of S$74.6 million from UOB. mm2 Asia reported a net loss of S$39.7 million for the half-year ending September 30, with revenue dropping 53.2% to S$40 million. The company faces significant financial challenges, including over S$200 million in borrowings due within a year, leading to a suspension of its shares.