https://www.channelnewsasia.com/singapore/cathay-cineplexes-mm2-cinemas-debt-struggle-5242646
Mm2 Asia, which owns and operates Cathay Cineplexes, said in a bourse filing on Thursday (Jul 17) that it is evaluating all available options to address its ongoing financial challenges.
The company said it has been committed to the continued operation of the cinemas, but that support from its landlords has not been "meaningful".
Besides closing down the cinemas, one other option is to continue negotiations with landlords to restructure its obligations consensually.