Orientivity Capital has entered into a convertible note subscription agreement with mm2 Asia, pursuant to which the Company subscribes S$5,000,000 in aggregate principal amount of convertible notes and up to an additional S$2,500,000 in aggregate principal amount of convertible notes if the Greenshoe Option is exercised by Orientivity Capital on the terms and subject to the conditions of the Convertible Note Subscription Agreement.
The Notes are convertible into fully paid-up new ordinary shares of mm2 Asia.
The Maturity date falling three years after the Subscription Date.
mm2 Asia is the first local film production company to be listed on the Catalist Board of the Singapore Exchange Securities Trading Limited (SGX stock code: 43D). It is a leading producer of films and tv/online content in Asia. Having established a wide movie production and distribution network as well as the successful acquisition in recent years, mm2 Asia has become one of the largest listing company in Singapore Catalist board in 2015.