Asian Pay Television Trust (APPT) trustee-manager has put up a right issue to raise gross proceeds of S$46.2 million at 12.8 cents per share. You get 1 Asian Pay Television Trust Right for every 4 Asian Pay Television Trust that you hold. If you are not familiar with this trust, let me give you a quick summary. Asian Pay Television Trust is an investment trust that engages in the provision of cable TV and broadband services in Taiwan, Hong Kong, Japan, and Singapore. The main asset is Taiwan Broadband Communications Group where revenue comes from providing cable TV and broadband services. Revenue comes in the form of monthly subscription, advertising sales, leasing of TV channels to third parties and installation of setup boxes. One of my reader asked me if the Rights are worth considering to buy? Before I offer my opinion, let us understand why would a company issue Rights offering?...