Singapore– mm2 Asia Ltd signed a Memorandum of Understanding with Hesheng Media Co, Ltd. The MOU aims to strengthen cooperation between the two companies.

Under the MOU, mm2 Asia and Hesheng Media Group will co-produce movies, dramas and reality shows, as well as digital media content for the international market. This MOU records an understanding that Hesheng Media will invest up to US$ 5 million in the above mentioned projects with mm2 Asia, providing IPs and production expertise.

In other news, mm2 Asia’s share placement was recently announced, with Hesheng Media increasing their stake. This allows for even closer working ties between the two companies.