Da Da Digital Convergence’s Acquisition of Trustee-Manager of Asian Pay Television Trust

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.

Involved fees earner: John Lin – Jones Day; Raymond Wang – Jones Day;

Law Firms: Jones Day;

Clients: Da Da Digital Convergence Co;

Author: Michael Patrini