Corporate Digest

Asian Pay Television Trust

MAINBOARD-LISTED Asian Pay Television Trust (APTT) S7OU announced that it had signed an amendment agreement on Monday (Dec 27) extending the maturity date of its NT$ denominated 7-year facilities by 3 years on the same major terms, from November 2025 to November 2028.

As part of its financial close on Dec 31, the pay TV firm will pare down NTS$0.8 billion, or approximately S$40 million, using cash on its balance sheet. Over the last 24 months, it has repaid NT$0.7 billion, reducing the size of its available onshore facilities from NT$31 billion to NT$29.5 billion.

The amended onshore facilities bear a floating interest rate of Taiwan's 3-month Taipei Interbank Offered Rate, plus an interest margin of 1.1 per cent to 2.1 per cent, depending on Taiwan Broadband Communications group's leverage ratio.

The trust's board expects distribution for 2022 to remain at 1.0 cent per unit, to be paid in quarterly instalments of 0.25 cent per unit if there are no material changes in planning assumptions.

Metro Holdings and Singapura Finance

BOTH Metro Holdings M01 and Singapura Finance S23 separately announced that Phua Bah Lee passed away on Sunday (Dec 26).

Phua was a senior adviser at Metro Holdings, while he held the position of independent non-executive director, remuneration committee chairman and member of the audit committee and nominating committee at Singapura Finance.