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.
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| Company type | public company | ||||||||||
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| SEHK: 1045 | |||||||||||
| Industry | Telecommunications | ||||||||||
| Founded | 1992 (as APT Satellite) | ||||||||||
| Founder | Ministry of Aeronautics and Astronautics | ||||||||||
| Headquarters |
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| Brands | Apstar | ||||||||||
| Services |
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| Revenue |  HK$1.230 billion (2016) | ||||||||||
 HK$632 million (2016) | |||||||||||
| HK$494 million (2016) | |||||||||||
| Total equity | HK$4.849 billion (2016) | ||||||||||
| Owner |
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| Parent |
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| Subsidiaries | APT Satellite (100%) | ||||||||||
| Website | www | ||||||||||
| Footnotes / references in consolidated financial statement[1] | |||||||||||
| Chinese name | |||||||||||
| Traditional Chinese | 亞太衛星控股有限公司 | ||||||||||
| Simplified Chinese | 亚太卫星控股有限公司 | ||||||||||
| Literal meaning | Asia Pacific Satellite Holding, Limited Company | ||||||||||
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| short name | |||||||||||
| Traditional Chinese | 亞太衛星 | ||||||||||
| Simplified Chinese | 亚太卫星 | ||||||||||
| Literal meaning | Asia Pacific Satellite | ||||||||||
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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
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
editEquity investments
edit- As of 31 December 2016
- CNC Holdings (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
edit- China Aerospace International Holdings, sister company in Hong Kong
- China Energine, sister company in Hong Kong
References
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)). 1992 (31). Beijing: State Council of the People's Republic of China. 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
edit- Official website
- Business data for APT Satellite Holdings: