[SINGAPORE] Frasers Centrepoint Trust has filed a S$2.6 million claim against mm2 Asia, said the entertainment group on Monday (Oct 27), after it guaranteed lease obligations of its now-closed cinema unit at Causeway Point.
The claim arises from a deed of guarantee signed by mm2 Asia in December last year in favour of HSBC Institutional Trust Services, the trustee of FCT, covering lease obligations of Cathay Cineplexes.
The originating claim and statement of claim, dated Oct 23, were received by mm2 on Friday. It includes interest charge of 12 per cent, damages, costs and other reliefs.
The former cinema chain is currently undergoing voluntary liquidation, having ceased operations on Sep 1.
Cathay Cineplexes in July received repayment…