Asian Pay Television Trust, an investment vehicle for one of Taiwan's biggest pay-TV operators, has started testing appetite for an up to 1 billion Singapore dollar (US$810 million) listing that is set to be the city's second-biggest flotation so far this year.
The Taiwanese company plans to list in the form of a trust, people with knowledge of the deal said Wednesday. Singapore is a hub for trust listings, which appeal to investors seeking assured yields from investments rather than short-term capital gains. The planned initial public offering comes as several companies are considering relaunching IPOs in Singapore, encouraged by large share sales in Southeast Asia in recent months. Full story
Related:
