Patrick Frater Asia Bureau ChiefThe independent auditor of MM2 Asia, a Singapore-based mini conglomerate with entertainment interests across East Asia, has raised doubts about the group’s ability to continue as a going concern.Reporting on mm2 Asia’s annual report for the year to March 2021, Nexia TS Public Accounting Corporation noted a “material uncertainty” regarding the group’s ability to continue as a going concern.The auditor’s doubts flowed from mm2’s net loss in the 2020-21 financial year and from liabilities exceeding assets, according to a statement to the Singapore stock exchange filed by mm2.In May, mm2 revealed losses of S$99.5 million ($73.4 million), compared with a profit of $$6.29 million ($4.64 million) in 2019-20.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.