UnUsUaL Successfully Lists on the SGX Catalist Board at a Market Cap of $128 million, Anchored by SP
96,990,000 placement shares were subscribed at $0.20 per share
Singapore, 10 April 2017 – UnUsUaL Limited, an indirect subsidiary of mm2 Asia, (“mm2 Asia” and together with its subsidiaries, the “Group”), listed on the Catalist Board of the Singapore Exchange today, raising an aggregate of $19.4 million, anchored by cornerstone investor SPH AsiaOne Ltd, a subsidiary of Singapore Press Holdings Limited (“SPH”).
“I’m excited that the listing is well received and we look forward to rolling out our growth plans, which include regional expansion and developing our own IP Format, Events, and Shows. The combined resources of SPH and mm2 Group of Companies will definitely help us achieve our goals faster,” said Mr Leslie Ong, CEO of UnUsUaL.
“We would like to congratulate UnUsUaL on this important milestone. As a leading media organisation and content provider, we are pleased to partner with UnUsUaL, a key player in the entertainment scene, both locally as well as regionally. Our collective strengths with UnUsUaL and mm2 Group of Companies will create new business opportunities and shared success for all companies. We can also give greater value to our customers and grow our audience outreach," said Mr Anthony Tan, Deputy CEO of SPH.
“mm2 is delighted with the listing of UnUsUaL, especially with SPH as a strategic partner. This is a reflection of the close working relationship between the Group and SPH. We look forward to greater collaboration and a closer working relationship to realise our common vision of tapping into the many opportunities the current evolving media landscape will bring to the region and beyond.” said mm2 Asia Executive Chairman, Mr Melvin Ang.