Cathay Cineplexes operator mulls closing down its cinemas to address 'financial challenges'

Teona Gherasim

Cathay Cineplexes operator mm2 Asia is considering several options as it struggles with millions of dollars in debt. SINGAPORE: Cathay Cineplexes' operator is mulling several options – including winding up the cinema business – as it struggles with millions of dollars in debt. 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 group has been committed

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