MM2 Asia Ltd.

[2025] SGHC 251 High Court (General Division) 10 December 2025 • HC/OA 1270/2025 • 24 min read
6 cases cited Cited by 1 case

Catchwords

Companies — Schemes of arrangement — Company seeking moratorium — Whether company provided sufficient evidence of creditor support — Section 64 Insolvency, Restructuring and Dissolution Act 2018 Companies — Schemes of arrangement — Company seeking moratorium — Whether application was made in good faith and sufficiently particularised — Section 64 Insolvency, Restructuring and Dissolution Act 2018 Companies — Schemes of arrangement — Company seeking moratorium — Contents of Affidavit — Section 64 Insolvency, Restructuring and Dissolution Act 2018

Practice Areas

Companies

Judges (1)

Mohamed Faizal Delivered

Counsel (17)

Allen & Gledhill LLP Firm Centurion Law LLC Firm Drew & Napier LLC Firm Tan Peng Chin LLC Firm Virtus Law LLP Firm Aaron Lee Counsel Third Party Chua Xinying Counsel Third Party Collin Choo Ching Yeow Counsel Third Party Favian Kang Counsel Third Party Felix Goh Guan Hui Counsel Third Party Lauren Tang Hui Jing Counsel Applicant Nur Zalina bt Md Ghazali Counsel Third Party Ooi Chit Yee Counsel Applicant Tan Yi Lei Counsel Applicant Teri Cheng Counsel Third Party Zeng Yu Counsel Third Party Zhang Weihao Counsel Third Party

Parties (2)

Linkwasha Holdings Pte Ltd Third Party MM2 Asia Ltd Applicant

Case Significance

[2025] SGHC 251 is a High Court (General Division) decision dated 10 December 2025 concerning Companies, specifically addressing schemes of arrangement. The judgment was delivered by Mohamed Faizal. Legal representation was provided by Virtus Law LLP. The judgment cites 6 cases and references 3 statutory provisions, including the Companies Act, the Insolvency, and the Restructuring and Dissolution Act. This decision has been cited by 1 subsequent judgment in the dataset.

Summary

MM2 Asia Ltd, an entertainment company that operates Cathay Cineplexes, applied for a four-month moratorium under s 64 of the Insolvency, Restructuring and Dissolution Act to finalise a scheme of arrangement with creditors. The court granted the application, finding sufficient evidence of creditor support and good faith, while adding disclosure requirements to ensure creditors could make informed decisions about any eventual scheme.

What was decided in [2025] SGHC 251?

[2025] SGHC 251 (MM2 Asia Ltd.) is a High Court (General Division) decision from 10 December 2025 addressing Companies, specifically schemes of arrangement. The judgment was delivered by Mohamed Faizal.

Which judge decided [2025] SGHC 251?

[2025] SGHC 251 was delivered by Mohamed Faizal in the High Court (General Division) on 10 December 2025. The case concerned Companies.

What cases and statutes does [2025] SGHC 251 cite?

[2025] SGHC 251 cites 6 prior decisions. It references Companies Act, Insolvency, Restructuring and Dissolution Act. The decision has itself been cited by 1 subsequent judgment.

Statutes Cited

Companies Act (Cap 50)
s 211B(1)
Insolvency, Restructuring and Dissolution Act
Restructuring and Dissolution Act

Cases Cited (6)

SG (1)
[2015] SGHC 322
SLR (5)
[2018] 5 SLR 125 [2019] 2 SLR 77 [2019] 3 SLR 979 [2023] 3 SLR 1333 [2023] 5 SLR 1421

Cited By (1)

[2025] SGHC 259
Energe Asia Pte. Ltd.

Judgment

Read the full judgment on the official Singapore Courts portal.

Read on eLitigation

Source: eLitigation ([2025] SGHC 251)