Cathay Cineplexes Operator Mulls Closing Down Its Cinemas to Address 'Financial Challenges'

Dendy Coorparoo extended closure leaves movie fans frustrated

Four months since the cinema closed for “maintenance”, some Coorparoo locals have given up on the venue reopening.

Cathay Cineplexes operator mulls closing down its cinemas to address 'financial challenges'

Cathay Cineplexes operator mm2 Asia is considering several options as it struggles with millions of dollars in debt.

Cathay Cineplexes owner considering winding up cinema chain as it struggles with millions in debt

Cathay is one of Singapore’s oldest cinema chains, operating here since October 1939. Read more at straitstimes.com.

Mm2 Asia considering closing Cathay Cineplexes amid millions of dollars in debt

Mired in millions of dollars in debt, Cathay Cineplexes' parent company mm2 Asia said on Thursday (July 17) that it is considering closing its cinema business. CNA reported that winding up one of Singapore's oldest cinema's chains is one of the options mm2 Asia is evaluating to address its "ongoing financial challenges". It has been operating since 1939, and was...

Cathay Cineplexes is considering closing all outlets, how did the cinema giant lose its footing?

Faced with mounting million-dollar debts, Cathay Cineplexes’ operator, mm2 Asia, is considering several options, including shutting down all its cinemas, to address its ongoing financial concerns. Other options include continuing negotiations with Cathay Cineplexes’ landlords to consensually restructure existing obligations, as well as pursuing a court-supervised scheme of arrangement to reorganise its debts while maintaining operations, the com…

Will Cathay Cineplexes soon bid its final farewell amid millions in debt?

SINGAPORE: Cathay Cineplexes may soon bid its final farewell, with owner and operator mm2 Asia announcing it is evaluating “all available options”—including winding up the cinema business—to address the millions of dollars in financial challenges it is facing. In a bourse filing on Thursday (July 17), mm2 Asia said, “The Group has been committed towards […]