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Asian Pay Television ( (SG:S7OU) ) has provided an update.
APTT Management Pte. Limited has announced the substantial completion of a proposed transaction involving the issuance of 4,375,000 new ordinary shares by Taiwan Broadband Communications Co., Ltd. Key conditions such as regulatory approvals, lender consents, and the execution of the SSA have been fulfilled, with the transaction expected to finalize following remaining procedural steps. This development signifies a strategic move for APTT, potentially enhancing its market position and financial stability. Stakeholders are advised to exercise caution in trading APTT units, considering the ongoing procedural requirements.
The most recent analyst rating on (SG:S7OU) stock is a Hold with a S$0.11 price target. To see the full list of analyst forecasts on Asian Pay Television stock, see the SG:S7OU Stock Forecast page.
More about Asian Pay Television
Asian Pay Television Trust (APTT) operates in the telecommunications industry, focusing primarily on providing cable television and broadband services. The company is managed by APTT Management Pte. Limited, which acts as the Trustee-Manager.
Average Trading Volume: 633,528
Technical Sentiment Signal: Hold
Current Market Cap: S$182.4M
For an in-depth examination of S7OU stock, go to TipRanks’ Overview page.