<div id="readability-page-1"><div>[SINGAPORE] A unit of embattled entertainment group mm2 Asia on Monday (Dec 29) said it has received a payment demand for S$18.9 million, even as the parent company secured protection from creditors earlier this month.The subsidiary, mmLive, received the latest statutory demand last Tuesday from solicitors representing an individual named Yi Xianhuang.The company promotes and organises concerts and other entertainment acts, and also rents out musical instruments and equipment.On Dec 10, mm2 Asia was given a lifeline after the High Court allowed the company to be shielded from creditors and legal proceedings for four months while it works out a restructuring plan. However, the protection does not extend to its subsidiaries, such as mmLive.Yi’s notice followed a S$74.6 million payment demand from lender UOB on Nov 10, just three days before mm2 Asia reported a net loss of S$39.7 million for the half-year ended Sep 30.The former Cathay Cineplexes operator’s revenue plunged 53.2 per cent to S$40 million for the second half of the 2026 financial year, from S$85.4 million in the year-ago period.The iconic cinema chain shuttered earlier this year under millions of dollars in debt, and the entertainment group itself is now facing existential threat as banks and landlords have been issuing letters of demand. To stave off an immediate winding-up by banks and creditors – the group has more than S$200 million in borrowings due within a year – mm2 Asia suspended trading of its shares after its board assessed that the group could not prove its ability to continue as a going concern.The counter last traded at S$0.003 on Nov 10.</div></div>

mm2 Asia 的子公司 mmLive 收到了债权人 Yi Xianhuang 提出的 1890 万新元的付款要求，尽管母公司本月早些时候已获得债权人保护。这是继 UOB 提出的 7460 万新元的付款要求之后的又一要求。mm2 Asia 报告称，截至 9 月 30 日的半年内净亏损 3970 万新元，收入下降 53.2% 至 4000 万新元。该公司面临重大财务挑战，包括超过 2 亿新元的借款将在一年内到期，导致其股票暂停交易

MM2 Asia 的一家子公司收到债权人要求支付 1890 万新加坡元的通知