Singapore company briefs: Asian Pay Television Trust (APTT), Ascendas REIT, APAC Realty and Keppel Corp.
APAC Realty requested the trading halt on its shares be lifted on Tuesday evening. The trading halt was in relation to the announcement that Morgan Stanley Private Equity Asia would take a controlling stake in the company.
Keppel Corp.’s subsidiary Keppel Land launched its Living Well initiative to provide water filtration systems to provide around 20,000 villagers in Ben Tre province in Vietnam better access to clean drinking water, the company said in a filing to SGX Tuesday.
Ascendas REIT said Tuesday it is acting to reduce the impact of inflation on operating costs, including by installing solar panels on another 11 properties in Singapore this year as well as raising set temperatures in common areas to yield savings on electricity costs.
The utilities costs for common areas accounts for around 8 percent of property operating expenses, Ascendas REIT in a filing to SGX Tuesday with answers to shareholders’ questions before its annual general meeting (AGM). Utilities cost is expected to rise by about 50 percent this year due to higher electricity prices, the REIT said.
Asian Pay Television Trust (APTT)
Asian Pay Television Trust (APTT)‘s manager, APTT Management, said Tuesday its sole shareholder, Dynami Vision, informed the manager that Dynami Vision has refinanced its loan facilities with Bank of Taiwan’s Singapore branch.
As part of the refinancing, a new deed of charge was registered, with Dynami charging all of its shares in APTT Management to the lender in connection with the loan facility of S$37 million, APTT said in a filing to SGX.