mm2 Asia and subsidiary owe over S$219,000 in CPF contributions
The court directed mm2 Entertainment to pay at least S$80,000 before a November hearing, as its founder cited financial difficulties.
Singapore’s State Courts heard on Oct 14 that mm2 Asia had S$8,633.50 in unpaid Central Provident Fund (CPF) contributions, while subsidiary mm2 Entertainment owed S$210,843.50. Founder Melvin Ang, representing both companies, said their restructuring made further repayments difficult.
The court ordered mm2 Entertainment to make a payment of at least S$80,000 ahead of the Nov 11 hearing. Prosecutors said it had paid S$20,203.50 on Oct 13, below the S$50,000 previously required.
Ang said the subsidiary hoped to clear its unpaid contributions by Dec 31 once its restructuring was completed. Asked what it could pay within four weeks, he suggested another S$20,000. The prosecution argued that payments ranging from S$20,000 to S$40,000 would stretch out proceedings because of the amount still owed.
For mm2 Asia, Ang undertook to clear the remaining S$8,633.50 ahead of the November hearing. The parent faces three charges concerning unpaid CPF contributions for one employee from November 2025 to January 2026. Its wholly owned subsidiary faces eight charges concerning four employees for November and December 2025.
Both businesses are pursuing debt restructuring through proposed schemes of arrangement. On Sept 18, the High Court authorised creditor meetings to vote on the proposals and extended protection against creditor enforcement until Nov 21.
mm2 Asia previously operated Cathay Cineplexes, whose final four Singapore cinemas closed on Sept 1, 2025. The group also operates in film and television production and distribution, and live entertainment. Its shares have been suspended from trading since November 2025.
