mm2 Asia Boosts Appeal to North American Investors with Appointment of New Corporate Strategy Adviso
SINGAPORE, 6 FEBRUARY 2018 – mm2 Asia Ltd. (“mm2 Asia”, “mm2 全亚影视娱乐有限公司” or collectively with its subsidiaries, the “Group”), is pleased to announce the appointment of Mr. Matthew Crakes as its new Group Corporate Strategy Advisor.
Mr. Crakes said: “I am extremely happy to be advising and joining what I believe, as do many investors, one of the most exciting media and entertainment companies in Asia. As mm2 Asia emerges as one of the premier producers and exhibitors of high-quality local films in Asia, I look forward to working with the entire mm2 Asia team to further the Group’s long-term growth prospects, both regionally and globally.”
Mr. Crakes has had a 20-year career in fund management and investment banking in the United States (“US”), serving emerging markets in Asia. He is currently the Founder and Managing Member of US-based Canaan Valley Capital, investing globally, mainly in high-growth companies in Asian emerging markets, with a focus on segments such as telecommunications, media, technology and gaming. He has executed two special purpose vehicles, including private equity investments in Uber Technologies Inc., Snap Inc., and Airbnb Inc.
Mr. Crakes’ appointment with mm2 Asia commenced this year. Commenting on the new appointment, mm2 Asia’s Executive Chairman Mr. Melvin Ang (洪伟才) said: “I believe Mr. Crakes, being a US-based investor with a successful track record of investing in high-growth companies in this region, will provide us with the right set of experiences and network. In particular, we will be able to connect with a larger pool of strategic North American investors and partners who can bring to the table growth opportunities that we have identified.”
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