mm2 Asia faces rent demands for Cathay Cineplex

The payment sum of $2.6m has to be paid within three weeks.

mm2 Asia has received a letter of demand and a statutory demand from Frasers Centrepoint Trust (FCT) for rent owed by its associate, Cathay Cineplex.

The letter and statutory demand are with respect to outstanding rental and related payments for leased premises at Century Square and Causeway Point.

The payment sum of $2.6m has to be paid within three weeks from the date of service of the statutory demand, which is by August 5.

mm2 Asia says that it is seeking legal advice regarding the abovementioned matters and intends to engage with Frasers to explore all available options.

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