mm2 Asia and subsidiary still owe more than $219k in CPF arrears

By the Editorial Team · Thursday, October 15, 2026

mm2 Asia and its subsidiary mm2 Entertainment owe over S$219,000 in unpaid CPF contributions and are currently undergoing legal proceedings amid their corporate restructuring. The companies have committed to settling the outstanding amounts by the end of the year, with the next court hearing scheduled for November 11 to review their repayment progress.

Mainboard-listed media company mm2 Asia and its subsidiary, mm2 Entertainment, continue to face outstanding Central Provident Fund (CPF) arrears totaling more than S$219,000, as disclosed during a State Courts hearing on October 14.

The court session revealed that mm2 Asia owed S$8,633.50 in unpaid CPF contributions, while mm2 Entertainment’s outstanding amount stood at S$210,843.50. Both companies are currently undergoing corporate restructuring and have been subject to legal proceedings for failing to meet their CPF obligations.

Melvin Ang, founder of mm2 Asia and legal representative for both entities, informed the court that mm2 Asia intends to clear its outstanding CPF payment in full by the next hearing scheduled for November 11. Regarding mm2 Entertainment, the prosecution reported a partial payment of S$20,203.50 made on October 13, which fell short of the previously mandated S$50,000 payment.

Ang stated that mm2 Entertainment aims to settle all CPF arrears by December 31 after concluding its restructuring process. When questioned about the discrepancy between expected and actual payments, Ang suggested that some funds may have been allocated to other statutory obligations such as the Skills Development Levy. He also committed to settling the remaining S$8,633.50 for mm2 Asia before the upcoming court date.

Earlier hearings had indicated that the two companies collectively owed approximately S$213,000 in CPF contributions. At a hearing on September 16, Ang cited ongoing financial difficulties and the initiation of a scheme of arrangement as grounds for seeking an extension on payment deadlines. He described the companies as having no available funds at that time and noted that mm2 Entertainment planned to begin repayments only from January 2027.

The legal actions stem from multiple charges related to unpaid CPF contributions. mm2 Asia faces three charges concerning non-payment for a single employee between November 2025 and January 2026. Meanwhile, mm2 Entertainment confronts eight charges covering four employees for the months of November and December 2025.

Both companies have filed for debt restructuring via proposed schemes of arrangement as they attempt to resolve their financial liabilities. The court will revisit the case at the next hearing to monitor their progress toward clearing CPF arrears.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.