151 views
Photo by Monstera Productin from Pexels

mm2 Asia to raise up to $40m new placement shares at $0.017 each

V3 Group intends to buy $15m of the placement shares.

mm2 Asia plans to raise up to $30m through a share placement of 1,764,706,000 new shares at $0.017 per share, with an option to raise an additional $10m at the same price.

V3 Group intends to subscribe to at least $15m of the placement, translating to 18% equity interest in mm2 Asia.

The proposed placement is expected to be no later than 31 October and is subject to shareholders’ approval as well as the terms and conditions of the placement.

mm2 will seek shareholder approval for the share placement at an upcoming Extraordinary General Meeting (EGM).

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.

Top News

September surge masks looming export slowdown to 6% in 2027
Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.
Economy