Asia Satellite Telecommunications Holdings Limited, known by its brand name AsiaSat, is a commercial operator of communication spacecraft. AsiaSat, based in
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...
, is incorporated in
Bermuda
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AsiaSat is jointly owned by Chinese state-owned
CITIC Limited and private equity fund
The Carlyle Group
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...
L.P. indirectly. It had a market capitalization of
HK$2 billion on 30 November 2018.
It was 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 of the stock exchange.
[ On 23 August 2019, the take private proposal scheme was approved by AsiaSat's public shareholders, followed by the approval of the Bermuda Court on 3 September 2019, whereupon the Company became a private wholly owned subsidiary of Bowenvale Limited, a joint venture of CITIC and Carlyle. The listing of the company's shares was withdrawn from the Stock Exchange of Hong Kong on 5 September 2019.]
History
In September 2017, AsiaSat 9, AsiaSat's latest satellite built by Space Systems/Loral
SSL, formerly Space Systems/Loral, LLC (SS/L), of Palo Alto, California, is a wholly owned manufacturing subsidiary of Maxar Technologies.
SSL designs and builds satellites and space systems for a wide variety of government and commercial cust ...
Shareholders
, the direct parent company, Bowenvale Limited, owned 74.43% shares; Bowenvale was jointly owned by CITIC Limited and The Carlyle Group
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...
LP in a 50–50 ratio.[ ]Standard Life Aberdeen
Abrdn plc (stylised as ‘abrdn’, disemvoweling of "Aberdeen"), formerly Standard Life Aberdeen plc, is a United Kingdom-based global investment company headquartered in Edinburgh, Scotland. It is listed on the London Stock Exchange and i ...
plc was the second largest shareholder for 5.36%.[ In May 2018, the ratio owned by Standard Life Aberdeen had decreased to 4.99%. In November 2018, another private equity firm International Value Advisers owned 6.12% shares of AsiaSat.]
Launch history and future plans
This is a list of AsiaSat satellites.
See also
* APT Satellite Holdings, fellow satellite communication company based in Hong Kong
References
External links
*
{{Carlyle Group
1988 establishments in Hong Kong
Telecommunications companies established in 1988
Companies listed on the Hong Kong Stock Exchange
Communications satellite operators
Direct broadcast satellite services
Aerospace companies of Hong Kong
Telecommunications companies of Hong Kong
CITIC Group
The Carlyle Group companies
Offshore companies of Bermuda
Hong Kong brands