<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 收到了債權人 Yi Xianhuang 提出的 1890 萬新元的付款要求，儘管母公司本月早些時候已獲得債權人保護。這是繼 UOB 提出的 7460 萬新元的付款要求之後的又一要求。mm2 Asia 報告稱，截至 9 月 30 日的半年內淨虧損 3970 萬新元，收入下降 53.2% 至 4000 萬新元。該公司面臨重大財務挑戰，包括超過 2 億新元的借款將在一年內到期，導致其股票暫停交易

MM2 Asia 的一家子公司收到債權人要求支付 1890 萬新加坡元的通知