Jones Day advised Da Da Digital Convergence Co., Ltd.
The parent company of Dynami Vision, which is the sole shareholder of Asian Pay Television Trust’s (APTT) trustee-manager, is looking to pare its stake for an undisclosed sum.
The buyer in the proposed deal is Da Da Digital Convergence Co, a company controlled by Taiwan-listed Dafeng TV’s founder Dai Yung Huei. Dafeng TV operates cable television systems and provides broadband services in Taiwan’s domestic markets.
Da Da Digital will acquire a 65 per cent interest in Dynami from the latter’s parent company Gear Rise, APTT’s trustee-manager said in a filing just after midnight on Tuesday.
Brian McKinley, chief executive of APTT Management, said Da Da Digital will become a new strategic partner for the trustee-manager.
The Jones Day team was led by John Lin (Picture) and Raymond Wang.
Law Firms: Jones Day;
Clients: Da Da Digital Convergence Co;