13 Aug – Despite having signed an agreement to sell at least 80 percent of MM Connect to Kingsmead Properties, Singapore's MM2 Asia revealed that it will continue to look at spin-off IPO of its cinema business. Two weeks after signing with the privately-owned investment firm, MM2 stated that it will continue working towards an IPO and go ahead if the Kingsmead bid fails or not completed before then. If such a case occurred, the said firm would be able to convert its deposit of SGD 3 million into shares of the unit at a discounted price.