Asian Pay Television Trust joins SGX Mainboard

It's SGX’s first listed business trust with media assets.

According to a release, Singapore Exchange today welcomed the listing of Asian Pay Television Trust on Mainboard, under the stock code of “S7OU”.

Asian Pay Television Trust is SGX’s first listed business trust with media assets. The trust’s initial asset, Taiwan Broadband Communications Group, is Taiwan’s third-largest cable TV operator. The group operates exclusively in Taiwan, and has been the sole licensed provider of cable TV services in its franchise areas in northern and central Taiwan for more than 10 years.

Frank Kwok, Senior Managing Director of Macquarie Infrastructure and Real Assets (the sponsor), said: "In 2012, the number of business trusts listed on SGX grew by 30%. That trend has continued this year making SGX not only the clear choice for APTT's listing but also cementing Singapore's reputation as Asia's preferred listing venue for business trusts."

Benjamin Way, Non-Executive Director of Macquarie APTT Management, said: "APTT's listing on Singapore Exchange today marks the first listed business trust in Asia focused on pay-TV assets. We are very pleased with the support APTT's offering has received and are committed to delivering stable and long-term returns to our investors."

Magnus Böcker, CEO of SGX, said: “We are proud to welcome Asian Pay Television Trust to SGX. This listing of media assets comprising a cable TV and broadband business based in Taiwan broadens the suite of business trusts at SGX, providing investors with even more choices and opportunities.”

With an estimated market capitalisation of S$1.4 billion, Asian Pay Television Trust brings the total number of business trusts on SGX to 15 with a combined market capitalisation of more than S$19 billion (US$15 billion).