Mini-conglomerate mm2 Asia says that a deal to sell its Singapore cinemas business has fallen through. The deal was announced in August and should have been completed by Dec. 31, 2021.
“Omicron uncertainty has dampened investing appetite for the moment. We hope to be able to revisit the acquisition again, and hopefully soon enough, when the Covid situation further eases,” said potential buyer Kingsmead Properties in a statement.
Source: https://variety.com/2022/biz/asia/mm2-singapore-cinema-sale-collapses-1235146324/