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Largest shareholder of APPT sees stake rise; Megachem MD Chew buys more

The Edge Singapore
The Edge Singapore 1/20/2022 12:55 PM GMT+08  • 4 min read
Largest shareholder of APPT sees stake rise; Megachem MD Chew buys more
APPT is guiding for a full year distribution of a cent per unit
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Dai Yung Huei, the largest shareholder of Asian Pay TV Trust (APPT), has seen his stake in the business trust rise via a series of open market purchases since late last year.

The most recent acquisitions were made on Jan 18 when Araedis Investment, which Dai and his wife Wang Hsueh-Mei controls, acquired 200,000 units at 13.8 cents each and another 740,000 units at 13.9 cents.

With the purchases, Dai and Wang have a deemed stake of nearly 328.1 million units, equivalent to 18.163%. Based on the series of filings made by the company, Araedis has been actively buying since late last year.

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