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.
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]
Businessesedit
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.
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]
^ abcdefghi2016 Annual Report (PDF) (Report). APT Satellite Holdings. 20 April 2017. p. 50. Retrieved 25 July 2017 – via Hong Kong Exchanges and Clearing.
^ ab"List of Red Chip Companies (Main Board)". Hong Kong Stock Exchange. 30 June 2017. Retrieved 19 July 2017.
^国务院关于航空航天部在香港设立独资公司的批复. 国函 [Guo han] (in Chinese (China)). Beijing: State Council of the People's Republic of China. 1992 (31). 26 March 1992 [digital version published c. 2010]. Retrieved 25 August 2017.
^"List of Red Chip Companies". Hong Kong Exchanges and Clearing. 30 September 2020. Retrieved 23 November 2020.
^2016–17 Annual Report (PDF) (Report). CNC Holdings. 19 June 2017. Retrieved 25 July 2017 – via Hong Kong Exchanges and Clearing.
^"ANNOUNCEMENT: CONNECTED TRANSACTION IN RESPECT OF THE DISPOSAL OF THE ENTIRE ISSUED SHARE CAPITAL OF CASIL SATELLITE HOLDINGS LIMITED" (PDF). China Aerospace International Holdings. 28 March 2011. Retrieved 25 July 2017.
^"APT Satellite soars on privatisation murmurs". South China Morning Post. Hong Kong. 19 June 2003. Retrieved 25 July 2017.
External linksedit
Official website
Business data for APT Satellite Holdings:
Bloomberg
Google
Reuters
Yahoo!
December 15, 2023
satellite, holdings, limited, bermuda, incorporated, holding, company, hong, kong, incorporated, subsidiary, satellite, operator, apstar, satellite, constellation, satellite, headquartered, hong, kong, limitedtypepublic, companytraded, assehk, 1045industrytele. 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 APT Satellite Holdings LimitedTypepublic companyTraded asSEHK 1045IndustryTelecommunicationsFounded1992 31 years ago 1992 as APT Satellite FounderMinistry of Aeronautics and Astronautics zh HeadquartersHong Kong de facto Bermuda registered office BrandsApstarServicesSatellite communicationsSatellite TV signalsRevenueHK 1 230 billion 2016 Operating incomeHK 0 632 million 2016 Net incomeHK 0 494 million 2016 Total equityHK 4 849 billion 2016 OwnerChinese Government and other investors via APT Satellite International 51 77 Chinese Government via SASC 0 2 90 Temasek Holdings 0 5 51 International Value Adviser 0 5 12 ParentAPT Satellite International direct China Satcom intermediate SASC intermediate The SASAC intermediate The State Council ultimate SubsidiariesAPT Satellite 100 Websitewww wbr apstar wbr comFootnotes referencesin consolidated financial statement 1 Chinese nameTraditional Chinese亞太衛星控股有限公司Simplified Chinese亚太卫星控股有限公司Literal meaningAsia Pacific Satellite Holding Limited CompanyTranscriptionsStandard MandarinHanyu PinyinYatai weixing konggǔ yǒuxian gōngsishort nameTraditional Chinese亞太衛星Simplified Chinese亚太卫星Literal meaningAsia Pacific SatelliteTranscriptionsStandard MandarinHanyu PinyinYatai weixingAs 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 Contents 1 History 2 Businesses 2 1 List of satellites 3 Equity investments 4 Shareholders 5 See also 6 References 7 External linksHistory editThe 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 editAPT 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 edit Apstar 1 Apstar 1A Apstar 2 Apstar 2R Apstar 5 Apstar 5C Apstar 6 Apstar 6C Apstar 6D Apstar 6E Apstar 7 Apstar 7B Apstar 9 Apstar 9AEquity investments editAs of 31 December 2016CNC Holdings zh 3 49 1 6 Shareholders editAs 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 editChina Aerospace International Holdings sister company in Hong Kong China Energine sister company in Hong KongReferences edit a b c d e f g h i 2016 Annual Report PDF Report APT Satellite Holdings 20 April 2017 p 50 Retrieved 25 July 2017 via Hong Kong Exchanges and Clearing a b List of Red Chip Companies Main Board Hong Kong Stock Exchange 30 June 2017 Retrieved 19 July 2017 国务院关于航空航天部在香港设立独资公司的批复 国函 Guo han in Chinese China Beijing State Council of the People s Republic of China 1992 31 26 March 1992 digital version published c 2010 Retrieved 25 August 2017 Filings in Hong Kong Companies Registry List of Red Chip Companies Hong Kong Exchanges and Clearing 30 September 2020 Retrieved 23 November 2020 2016 17 Annual Report PDF Report CNC Holdings 19 June 2017 Retrieved 25 July 2017 via Hong Kong Exchanges and Clearing ANNOUNCEMENT CONNECTED TRANSACTION IN RESPECT OF THE DISPOSAL OF THE ENTIRE ISSUED SHARE CAPITAL OF CASIL SATELLITE HOLDINGS LIMITED PDF China Aerospace International Holdings 28 March 2011 Retrieved 25 July 2017 APT Satellite soars on privatisation murmurs South China Morning Post Hong Kong 19 June 2003 Retrieved 25 July 2017 External links editOfficial website Business data for APT Satellite Holdings BloombergGoogleReutersYahoo Retrieved from https en wikipedia org w index php title APT Satellite Holdings amp oldid 1149835027, wikipedia, wiki, book, books, library,
