Corporate digest

Asian Pay Television Trust

The pay TV firm's trustee-manager on Monday said it has received 474.7 million valid acceptances and excess applications for its proposed one-for-four rights issue, 1.3 times the total number of 361.3 million rights units offered.

This includes acceptances and excess applications by undertaking unitholders for all 361.3 million rights units available under the rights issue, according to the irrevocable undertakings. The renounceable non-underwritten rights issue was proposed to raise gross proceeds of about S$46.2 million.