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.
[ It is a ]red chip
Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...
company, as it was an overseas incorporated company, but controlled by the Chinese Government indirectly (via China Aerospace Science and Technology Corporation
The China Aerospace Science and Technology Corporation, or CASC, is the main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, strategic ...
). Fellow Hong Kong-based satellite company AsiaSat
Asia Satellite Telecommunications Holdings Limited, known by its brand name AsiaSat, is a commercial operator of communication spacecraft. AsiaSat, based in Hong Kong, is incorporated in Bermuda.
AsiaSat is jointly owned by Chinese state-owned ...
was also partially owned by the Chinese Government (via CITIC Group
CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation (CITIC), is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping ...
), but belongs to a different department of the State Council.
History
The establishment of APT Satellite Company Limited was officially approved by the State Council of the People's Republic of China
The State Council, constitutionally synonymous with the Central People's Government since 1954 (particularly in relation to local governments), is the chief administrative authority of the People's Republic of China. It is chaired by the p ...
on 26 March 1992, 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. APT Satellite is a red chip
Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. It refers to businesses based in mainland China and with (majority) shares controlled either directly or indirectly by a ...
company was listed on the Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
on 18 December 1996.
Businesses
As at 31 December 2016, APT Satellite Holdings, via wholly owned subsidiary APT Satellite Company Limited ("APT Satellite" or "APSTAR") owns and operates four in-orbit satellites that include Apstar 5, Apstar 6
Apstar 6 is a communications satellite built by Alcatel Space, a subsidiary of Alcatel, and was boosted into orbit on April 12, 2005, by Long March 3B launcher from Xichang Satellite Launch Center in China. It provides APT Satellite, a satellite ...
, Apstar 7
Apstar-7 is a Chinese communications satellite which is operated by APT Satellite as part of the Apstar system. It was launched in 2012 as a replacement for the Apstar 2R satellite launched in 1997.
Apstar-7 was constructed by Thales Alenia Spac ...
and Apstar 9 satellites giving it satellite coverage across Asia but also into Europe, Africa and the wider APAC region including Australia.[ It also leased some of the bandwidth of ]ChinaSat 12
ChinaSat 12 () communications satellite is wholly owned by China Satellite Communications, with part of its communications payload leased or rented by SupremeSAT, a Sri Lankan company to be marketed to potential users as ''SupremeSAT-I''. Once op ...
(Apstar 7B).
List of satellites
* Apstar 1
ChinaSat () is the brand name of communications satellites operated by China Satellite Communications.
History
In 2007, a joint venture China Direct Broadcast Satellite was formed to run the brand ChinaSat. It was a joint venture of state- ...
* Apstar 1A
ChinaSat () is the brand name of communications satellites operated by China Satellite Communications.
History
In 2007, a joint venture China Direct Broadcast Satellite was formed to run the brand ChinaSat. It was a joint venture of state- ...
* Apstar 2
* Apstar 2R
Apstar 2R, also known as Telstar 10 and SinoSat 1C located at 76.5°E, is a communications satellite equipped with 27 C band and 24 Ku band transponders (36 MHz equivalents). The C band payload provides coverage of Asia, Australia, parts of ...
* Apstar 5
* Apstar 5C
* Apstar 6
Apstar 6 is a communications satellite built by Alcatel Space, a subsidiary of Alcatel, and was boosted into orbit on April 12, 2005, by Long March 3B launcher from Xichang Satellite Launch Center in China. It provides APT Satellite, a satellite ...
* Apstar 6C
Apstar 6C is a Chinese communications satellite which is operated by APT Satellite Holdings
APT Satellite Holdings Limited is a Bermuda-incorporated holding company. Its Hong Kong-incorporated subsidiary APT Satellite Co., Ltd. is the operator ...
* Apstar 7
Apstar-7 is a Chinese communications satellite which is operated by APT Satellite as part of the Apstar system. It was launched in 2012 as a replacement for the Apstar 2R satellite launched in 1997.
Apstar-7 was constructed by Thales Alenia Spac ...
* Apstar 7B
ChinaSat 12 () communications satellite is wholly owned by China Satellite Communications, with part of its communications payload leased or rented by SupremeSAT, a Sri Lankan company to be marketed to potential users as ''SupremeSAT-I''. Once op ...
* Apstar 9
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 headquarte ...
* Apstar 9A
ChinaSat () is the brand name of communications satellites operated by China Satellite Communications.
History
In 2007, a joint venture China Direct Broadcast Satellite was formed to run the brand ChinaSat. It was a joint venture of state- ...
Equity investments
* (3.49%)[
]
Shareholders
The largest shareholder of APT Satellite Holdings was APT Satellite International for 51.77% shares;[ APT Satellite International was 42.86% owned by Chinese state-owned ]China Aerospace Science and Technology Corporation
The China Aerospace Science and Technology Corporation, or CASC, is the main contractor for the Chinese space program. It is state-owned and has subsidiaries which design, develop and manufacture a range of spacecraft, launch vehicles, strategic ...
(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)". Moreover, CASC owned an additional 14.29% stake of APT Satellite International, via another wholly owned subsidiary China Great Wall Industry Corporation.[ Lastly, CASC owned 1.45% shares of APT Satellite Holdings directly.][ 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.][ CASC acquired the aforementioned 14.29% shares of APT Satellite International from its listed subsidiary ]China Aerospace International Holdings
China Aerospace International Holdings Limited (abb. CASIL) is a Hong Kong incorporated holding company. The company itself is a subsidiary of China Aerospace Science and Technology Corporation and a listed company on the Stock Exchange of Hong ...
in 2011, by purchasing a company CASIL Satellite for HK$
The Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and ...
132.3 million.
In 2003, the other shareholders of APT Satellite International were China Satellite Communications (at that time a separate state-owned enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...
from CASC); SingaSat, a wholly owned subsidiary of Singtel
Singapore Telecommunications Limited, commonly known as Singtel, is a Singaporean telecommunications conglomerate and one of the four major telcos operating in the country. The company is the largest mobile network operator in Singapore with ...
; and Kwang Hua Development and Investment, a Hong Kong company co-owned by Ruentex Group and China Development Corporation.
The second largest shareholder of APT Satellite Holdings was Temasek Holdings
Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek owns and manages a total of US$496.59 billion (S$671 billion) in assets u ...
for 5.51% shares.[ It was followed by International Value Adviser, LLC for 5.12%.][
]
See also
* China Aerospace International Holdings
China Aerospace International Holdings Limited (abb. CASIL) is a Hong Kong incorporated holding company. The company itself is a subsidiary of China Aerospace Science and Technology Corporation and a listed company on the Stock Exchange of Hong ...
, sister company in Hong Kong
* China Energine
China Energine International (Holdings) Limited, or China Energine, is a Hong Kong-based and Cayman Islands-incorporated holding company. The controlling shareholder was Chinese state-owned mega-conglomerate China Aerospace Science and Technology ...
, sister company in Hong Kong
References
External links
*
* {{Finance links
, symbol = 1045
, google = HKG:+1045
, yahoo = 1045.HK
, bloomberg = 1045:HK
, reuters = 1045.HK
Aerospace companies of Hong Kong
Telecommunications companies of Hong Kong
Companies listed on the Hong Kong Stock Exchange
China Aerospace Science and Technology Corporation
Offshore companies of Bermuda
Temasek Holdings
1992 establishments in Hong Kong
Telecommunications companies established in 1992
Chinese companies established in 1992