APT Satellite Holdings Limited
is a Bermuda-incorporated holding company. Its Hong Kong-incorporated subsidiary
APT Satellite Co., Ltd.
is the operator of the
Apstar
satellite constellation. APT Satellite Holdings and APT Satellite are headquartered in Hong Kong.
As at 30 June 2016 the company had a market capitalisation of HK$3.816 billion.
[2]
It is a
red chip
company,
[2]
as it was an overseas incorporated company, but controlled by the Chinese Government indirectly (via
China Aerospace Science and Technology Corporation
). Fellow Hong Kong-based satellite company
AsiaSat
was also partially owned by the Chinese Government (via
CITIC Group
), but belongs to a different department of the State Council.
History
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The establishment of APT Satellite Company Limited was officially approved by the
State Council of the People's Republic of China
on 26 March 1992,
[3]
the company's incorporation on 21 January 1992 as Free Union Limited, renaming to Trans-Asia-Pacific Satellite Communications Co., Ltd. on 10 March, then APT Satellite Co., Ltd. on 15 April 1992.
[4]
[
citation needed
]
APT Satellite is a
red chip
company was listed on the
Hong Kong Stock Exchange
on 18 December 1996.
[5]
Businesses
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APT Satellite Holdings, via wholly owned subsidiary APT Satellite Company Limited ("APT Satellite" or "APSTAR") owns and operates five in-orbit satellites: APSTAR-7, APSTAR-9, APSTAR-5C, APSTAR-6C and APSTAR-6D satellite (“APSTAR Satellite Fleet”), covering regions in Asia, Europe, Africa, Australia and Pacific island which contain approximately 75% of the World’s population.
List of satellites
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Equity investments
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- As of 31 December 2016
Shareholders
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As of 31 December 2016
[update]
The largest shareholder of APT Satellite Holdings was APT Satellite International for 51.77% shares;
[1]
APT Satellite International was 42.86% owned by Chinese state-owned
China Aerospace Science and Technology Corporation
(CASC) indirectly, via a non-wholly owned subsidiary
China Satellite Communications
; China Satellite Communications owned an additional 1.45% shares of APT Satellite Holdings via another subsidiary: "China Satellite Communications (Hong Kong)".
[1]
Moreover, CASC owned an additional 14.29% stake of APT Satellite International, via another wholly owned subsidiary China Great Wall Industry Corporation.
[1]
Lastly, CASC owned 1.45% shares of APT Satellite Holdings directly.
[1]
To sum up, CASC consortium owned about 54.67% shares of APT Satellite Holdings and CASC owned about 57.15% stake of its intermediate holding company APT Satellite International.
[1]
CASC acquired the aforementioned 14.29% shares of APT Satellite International from its listed subsidiary
China Aerospace International Holdings
in 2011, by purchasing a company CASIL Satellite for
HK$
132.3 million.
[7]
In 2003, the other shareholders of APT Satellite International were China Satellite Communications (at that time a separate
state-owned enterprise
from CASC); SingaSat, a wholly owned subsidiary of
Singtel
; and Kwang Hua Development and Investment, a Hong Kong company co-owned by Ruentex Group and China Development Corporation.
[8]
The second largest shareholder of APT Satellite Holdings was
Temasek Holdings
for 5.51% shares.
[1]
It was followed by International Value Adviser, LLC for 5.12%.
[1]
See also
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References
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External links
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