Former Cathay cinema operator MM2 Asia ordered to partially settle unpaid CPF contributions
The cinema group and its subsidiary owe more than S$260,000 in outstanding CPF contributions to employees.
Former Cathay Cineplexes operator MM2 Asia and its subsidiary MM2 Entertainment have been ordered to partially settle outstanding CPF contributions totaling over S$260,000. MM2 Asia owes approximately S$22,000, while MM2 Entertainment owes about S$241,000. The orders come as MM2 Asia faces financial difficulties and undergoes restructuring, with the cinema chain having already entered creditors' voluntary liquidation.
The court granted both companies a final adjournment, directing them to make the required partial payments by the next hearing on September 16.
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