Between Nov 15 and 16, Dai Yung Huei, non-executive director of the trustee-manager of Asian Pay Television Trust Asian Pay Tv Tr: S7OU -0.73% (APTT) increased his deemed interest in APTT from 17.04 per cent to 17.15 per cent.

 

In total, 1,900,000 units of APTT were acquired by Araedis Investment for a consideration of S$260,200 at an average price of 13.7 cents per unit.

 

Araedis Investment has increased its direct stake in APTT from 15.00 per cent on 25 June 2020, while Dai was appointed a non-executive director of the trustee-manager of APTT on Aug 13, 2021.

 

Dai is also the chairman of Da Da Digital Convergence and the founder of Dafeng TV, the first publicly traded cable TV provider in Taiwan, which operates in domestic markets including New Taipei City and Kaohsiung City.

 

APTT is the first listed business trust in Asia focused on pay-TV and broadband businesses and has an investment mandate to acquire controlling interests in and to own, operate and maintain mature, cash generative pay-TV and broadband businesses in Taiwan, Hong Kong, Japan and Singapore.

 

On Nov 12, APPT reported stable revenue of S$75.5 million and higher Ebitda of S$46.2 million for its Q3FY21 (ended Sep 30).

 

For the 9MFY21, total revenue and Ebitda were S$223.5 million and S$136.8 million.

 

The Ebitda margin improved by 1.7 percentage points to 61.2 per cent for the quarter and 1.4 percentage points to 61.2 per cent for the 9 months, mainly driven by lower operating expenses.

 

On the results, CEO of the trustee-manager, Brian McKinley noted that the growth strategy was yielding results, with continued growth in subscribers and revenue, which has been increasing for 5 consecutive quarters in both Singapore dollars and NT$ compared to the prior corresponding period.