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Asian Pay Television ( (SG:S7OU) ) has provided an announcement.
APTT Management Pte. Limited announced that the Intellectual Property and Commercial Court of Taiwan has ruled in favor of a channel provider in a lawsuit against Taiwan Broadband Communications Group over content costs for 2022. The court directed TBC to pay approximately NT$120 million, most of which has already been accounted for in previous financial statements. The judgment is expected to have minimal financial impact and no service disruption. The Trustee-Manager is considering an appeal.
More about Asian Pay Television
APTT is the first listed business trust in Asia focused on pay-TV and broadband businesses. It has an investment mandate to acquire controlling interests in mature, cash-generative pay-TV and broadband businesses in Taiwan, Hong Kong, Japan, and Singapore. Managed by APTT Management Pte. Limited, the Trustee-Manager aims to provide unitholders with stable and sustainable distributions.
Average Trading Volume: 419,908
Technical Sentiment Signal: Buy
Current Market Cap: S$155.3M
For an in-depth examination of S7OU stock, go to TipRanks’ Overview page.