News Summary:
On August 20, 2026, media conglomerate MM2 Asia and its subsidiary MM2 Entertainment were ordered to make partial payments of S$263,000 in outstanding Central Provident Fund (CPF) contributions, having received a final adjournment on August 19, CNA reported. MM2 Asia faces three charges for failing to pay CPF contributions to one employee from November 2025 to January. Previously, on December 30, 2025, MM2 Asia disclosed the receipt of a cease and desist letter from MM2 Entertainment on December 28, concerning payments totaling S$6.3 million. Earlier, on November 10, 2025, former Cathay Cineplexes operator MM2 Asia and its subsidiaries received letters of demand from United Overseas Bank (UOB) seeking repayment of approximately S$74.6 million in debts. This followed the closure of the Cathay Cineplex at JEM on March 27, 2025, announced by operator MM2 Asia, marking the sixth Cathay Cineplex shutdown in less than three years after branches at Orchard Cineleisure, Parkway Parade, The Cathay Building, Ang Mo Kio Hub, and West Mall.
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