MM2 Asia agrees to place 16,339,110,825 new shares at S$ 0.000918 each, raising S$ 15 million

• MM2 Asia entered a placement agreement on July 16 for 16,339,110,825 new shares at S$ 0.000918 each, raising about S$ 15 million.
• Deal implies a transfer of control; placement shares equal about 71.4% of enlarged share capital.
• Pricing reflects a 69.4% discount to the S$ 0.003 VWAP on Nov. 10, 2025, the last trading day before the suspension.
• Completion hinges on shareholder approval, SGX in-principle listing clearance, court-sanctioned scheme, creditor backing, SIC whitewash waiver, chain-offer confirmation.
• Proceeds earmarked mainly for debt repayment at S$ 11.5 million; S$ 3.5 million for working capital and restructuring expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MM2 Asia Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: QN0M4BKLHEHQS850) on July 16, 2026, and is solely responsible for the information contained therein.