Cathay Cineplexes to enter voluntary liquidation under IRDA

CCPL had received statutory demands and legal claims from various parties between July and August 2025.

Cathay Cineplexes Pte. Ltd. (CCPL), an associated company of mm2 Asia Ltd., will undergo a creditors’ voluntary liquidation following unsuccessful efforts to restructure its debts with multiple creditors.

According to a filing by mm2 Asia on Monday, CCPL had received statutory demands and legal claims from various parties between July and August 2025.

These included claims from DBS Trustee Limited (as trustee of Lendlease Global Commercial REIT), Frasers Centrepoint Trust, Century Square LLP, and others.

Despite attempts to negotiate payment terms, CCPL was unable to reach mutually acceptable restructuring outcomes. The board of CCPL determined that the company is no longer able to operate.

The board has resolved to proceed with a creditors’ voluntary liquidation under Singapore’s Insolvency, Restructuring and Dissolution Act 2018 (IRDA). Luke Anthony Furler and Tan Kim Han of Quantuma (Singapore) Pte Ltd have been appointed as joint and several provisional liquidators, pending formal statutory declarations.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia