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MM2 Asia [1B0.si]

Kenny Wee Soon Jing · 2016-10-18T05:49:28Z

file:///C:/Users/Kennywsj/Downloads/20161018_23791.pdf mm2 Asia enters into MOU to acquire substantial stake in RINGS.TV &ndash a leading interactive live streaming broadcasting platform &bull mm2 will acquire an initial stake of 15% in the company, with a 12 month option to acquire another 15% at the same valuation &bull RINGS.TV will target to achieve an IPO in 5 years, and grant a guaranteed investment buyback plus coupon of 5% per annum to mm2 in lieu of IPO Singapore, 17 October, 2016 &ndash mm2 Asia Ltd. (&ldquo mm2 Asia&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ), entered into a non-binding Memorandum of Understanding (&ldquo MOU&rdquo ) with RINGS.TV Pte Ltd (&ldquo RINGS.TV&rdquo ) and its holding company, Mozat Pte Ltd today, to acquire up to 30% stake in RINGS.TV for S$4.5 million over 12 months after the binding investment agreement. Under the terms of the MOU, mm2 Asia will make an initial investment of S$2.25 million to acquire 15% of RINGS.TV, with an option to increase its stake by an additional 15% for another S$2.25 million. RINGS.TV is Singapore&rsquo s first interactive broadcasting technology platform to stream and broadcast live concerts, performances, conferences and other events. They are working with 88.3JIA FM among others to carry out live broadcasts on its platform. The robust technology platform that RINGS.TV provides will complement mm2 Asia&rsquo s variety of content, with mm2view to provide both local and regional content. mm2 Asia will work with RINGS.TV to live broadcast exclusive material from movie productions across the region such as auditions, behind-the-scenes footage and interviews with the cast from movie sets, as well as unlock new revenue streams from concert live-cast, front and backstage, via mm2 Asia&rsquo s subsidiary UnUsUaL Group. Other line ups include live broadcasts of movie and concert artistes&rsquo tours, 360° Virtual Reality (&ldquo VR&rdquo ) content support, and live-cast of the mm2 Digital Content Producers partnership with the initial eight YouTube channels. Beyond live mm2 Asia Ltd. Co. Reg. No.: 201424372N 1002 Jalan Bukit Merah #07-11 Singapore 159456 www.mm2asia.com broadcast, RINGS.TV will also provide Video-on-Demand (&ldquo VOD&rdquo ) service for high demand local and acquired entertainment content, including concerts, movies and trailers - similar to other Over-the-Top (&ldquo OTT&rdquo ) platforms. &ldquo Through this technology investment, the deal marks our foray into the digital live stream and broadcast market, one of the fastest growing market trends of the world today. Through our investment in RINGS.TV, we will immediately be able to realize local and regional commercial opportunities in content delivery, marketing, brand sponsorship and extend our network to reach more eyeballs with compelling live content,&rdquo said Mr Melvin Ang, CEO, mm2 Asia. &ldquo With the relentless global increase in proliferation of smartphones, increasing screen sizes and increased Internet bandwidth speeds with lower costs especially throughout Asia, content and live videos are consumed instantly, on-the-go, and in shorter or convenient formats, and RINGS.TV is a perfect partner which will integrate into our existing value chain of entertainment,&rdquo added Mr Ang. &ldquo We are humbled and delighted to announce the strategic investment by mm2 Asia, and the team is looking forward to the immediate tangible value-add that the mm2 group of companies and entertainment network brings.&rdquo said Dr Michael Yin, CEO and co-founder of RINGS.TV. &ldquo The deal is another validation of our persistence over 10 years of developing cutting edge solutions using evolving technologies to predict consumer and business trends, and we are cautiously optimistic to deliver a success within 5 years, which will be accelerated with mm2 Asia&rsquo s partnership,&rdquo added Dr Yin. The deal is expected to conclude by the first quarter of 2017. - END -

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MM2 Asia

Last Post by Eatbig Big 9 years ago

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Eatbig Big

(@lifeisgood)

Posts: 421

Reputable Member

Growing by acquisition is fast but unsustainable.

Show me the cashflow...

Posted : 09/11/2016 7:06 am

Eatbig Big

(@lifeisgood)

Posts: 421

Reputable Member

This MM2 kept buying so many things. Enough money? Need to borrow more money???

If Trump became president, interest rates will likely rise sharply next year. Good luck to MM2.

Posted: November 9, 2016 9:43 am
Posted by: @jiplumify

↑

ya boy.. bought 13 more locations.. 100+ screens now

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=ZCCD535RLNX9I339& H=0ee01cc67065468d433cd155683ebab741dbe10db2d436d17269ac74fcc7812f

Posted : 09/11/2016 6:35 am

Nick Chua

(@jiplumify)

Posts: 160

Estimable Member

ya boy.. bought 13 more locations.. 100+ screens now

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=ZCCD535RLNX9I339& H=0ee01cc67065468d433cd155683ebab741dbe10db2d436d17269ac74fcc7812f

Posted : 09/11/2016 1:43 am

huifang lim

(@huifang)

Posts: 478

Reputable Member

can buy big mm2....CNY coming..
sure have new release

Posted : 03/11/2016 4:47 am

Nick Chua

(@jiplumify)

Posts: 160

Estimable Member

today SUPER kopi also kana buy for 9bn +..

i think QE means a lot of companies can get funds to do M& A too

Posted : 03/11/2016 4:39 am

huifang lim

(@huifang)

Posts: 478

Reputable Member

may have suitors , so watching this closely

Posted : 25/10/2016 7:01 am

Nick Chua

(@jiplumify)

Posts: 160

Estimable Member

ya left low hundreds nia.. sigh

Posted : 25/10/2016 1:53 am

Kenny Wee Soon Jing

(@wsj.shares)

Posts: 128

Estimable Member

Topic starter

lols

Posted : 24/10/2016 1:50 pm

Nick Chua

(@jiplumify)

Posts: 160

Estimable Member

ok la.. still have enough skin in the game

Posted : 24/10/2016 9:57 am

Kenny Wee Soon Jing

(@wsj.shares)

Posts: 128

Estimable Member

Topic starter

I see, hope you never sell much.... haha.... I brought alot.... 🙂

Posted: October 21, 2016 4:00 pm
Posted by: @jiplumify

↑

sell some, buy some, depending on when need money.

Posted: October 21, 2016 3:35 pm
Posted by: @wsj.shares

↑

have you sold any shares so far for this MM2? seems like the heat is still not over yet, it may continue higher and ptotential split.... heh

Posted : 22/10/2016 9:22 am

Nick Chua

(@jiplumify)

Posts: 160

Estimable Member

sell some, buy some, depending on when need money.

Posted: October 21, 2016 3:35 pm
Posted by: @wsj.shares

↑

have you sold any shares so far for this MM2? seems like the heat is still not over yet, it may continue higher and ptotential split.... hehe

Posted: October 21, 2016 3:30 pm
Posted by: @jiplumify

↑

Exclusive signed for the Voice for Singapore & Malaysia

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=5MZWLVOQACLXD6EL& H=6c5d221f3f33e3926814451631a749a3f0f165bfb9992d4e0b6861345a872690

Posted : 21/10/2016 8:00 am

Kenny Wee Soon Jing

(@wsj.shares)

Posts: 128

Estimable Member

Topic starter

have you sold any shares so far for this MM2? seems like the heat is still not over yet, it may continue higher and ptotential split.... hehe

Posted: October 21, 2016 3:30 pm
Posted by: @jiplumify

↑

Exclusive signed for the Voice for Singapore & Malaysia

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=5MZWLVOQACLXD6EL& H=6c5d221f3f33e3926814451631a749a3f0f165bfb9992d4e0b6861345a872690

Posted : 21/10/2016 7:35 am

Nick Chua

(@jiplumify)

Posts: 160

Estimable Member

Exclusive signed for the Voice for Singapore & Malaysia

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast3MonthsSecurity& F=5MZWLVOQACLXD6EL& H=6c5d221f3f33e3926814451631a749a3f0f165bfb9992d4e0b6861345a872690

Posted : 21/10/2016 7:30 am

Nick Chua

(@jiplumify)

Posts: 160

Estimable Member

congrats on your holdings bro

Posted : 19/10/2016 3:39 am

Kenny Wee Soon Jing

(@wsj.shares)

Posts: 128

Estimable Member

Topic starter

43D.si split to 1B0.si

I Still maintain Target Price: 0.9 and 3rd split outlook... 🙂

Posted : 18/10/2016 6:04 am

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