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 (CASC) is a 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, and ground equ ...

). Fellow Hong Kong–based satellite company

AsiaSat Asia Satellite Telecommunications Company Limited (AsiaSat) is a Hong Kong–based commercial operator of communications satellites founded in 1988. It is a wholly-owned subsidiary of Asia Satellite Telecommunications Holdings Limited (AsiaSat ...

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 of the People's Republic of China, also known as the Central People's Government, is the chief administrative authority and national cabinet. It is constitutionally the highest administrative organ of the country and the e ...

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. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

on 18 December 1996.

Businesses

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.

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 ...

(Chinasat-5E) *

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 2 (Asia-Pacific Star 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 ...

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 * Telstar 18V/Apstar 5C *

Apstar 6 Apstar 6 is a communications satellite built by Alcatel Space, a subsidiary of Alcatel-Lucent, 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 Satellit ...

* Apstar 6C *

Apstar 6D 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 6E 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 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 Spa ...

Apstar 7B The 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''. O ...

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 ...

(Chinasat-5A)

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 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 Hong Kong. It is divided into 100 cents. Historically, it was also divided into 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong an ...

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 business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

from CASC); SingaSat, a wholly owned subsidiary of

Singtel Singapore Telecommunications Limited, trading as Singtel, is a Singaporean telecommunications conglomerate, the country's principal fixed-line operator and one of the four major mobile network operators operating in the country. Overview T ...

; 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 ( ) is a Singaporean State ownership, state-owned multinational investment firm. Incorporated on 25 June 1974, Temasek has a net portfolio of US$288 billion (S$389 billion) as of 2024. Headquartered at Orchard ...

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