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, strategi ...

). 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 pr ...

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

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 rep ...

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 ope ...

(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-o ...

Apstar 2 Apstar 2 was a communications satellite based on the Hughes HS-601 spacecraft design, built by Hughes Space and Communications Company for APT Satellite Holdings, a Hong-Kong based company. The satellite was intended to provide video, radio, data, ...

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 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 5C 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 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 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 ope ...

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-o ...

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

(CASC) indirectly, via a non-wholly owned subsidiary

China Satellite Communications China Satellite Communications Co., Ltd. known as China Satcom is a Chinese aerospace company that provides services via satellites. The company was a subsidiary of China Aerospace Science and Technology Corporation (CASC). China Satellite Communi ...

; 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 in 2011, by purchasing a company CASIL Satellite for HK$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 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 for the governmen ...

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%.

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