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 city and special administrative region of China on the eastern Pearl River Delta i ...

, is incorporated in

Bermuda ) , anthem = " God Save the King" , song_type = National song , song = "Hail to Bermuda" , image_map = , map_caption = , image_map2 = , mapsize2 = , map_caption2 = , subdivision_type = Sovereign state , subdivision_name = , ...

. AsiaSat is jointly owned by Chinese state-owned

CITIC Limited CITIC Limited () is a conglomerate headquartered in Hong Kong. Its shares are listed on the Main Board of the Hong Kong Stock Exchange, and it is a constituent of the Hang Seng Index. 58% of its issued shares are owned by the Chinese state-owned ...

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 ...

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 The listing of the company's shares was withdrawn from the Stock Exchange of Hong Kong on 5 September 2019.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 cu ...

was successfully launched and replaced AsiaSat 4 at 122° East. AsiaSat owns and operates seven satellites, including AsiaSat 3S, AsiaSat 4, AsiaSat 5, AsiaSat 6, AsiaSat 7, AsiaSat 8 and the new AsiaSat 9.

Shareholders

, the direct parent company, Bowenvale Limited, owned 74.43% shares; Bowenvale was jointly owned by

and

LP in a 50–50 ratio. Standard Life Aberdeen 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. On 3 September 2019, following the approval of the privatisation plan by public shareholders, Asia Satellite Telecommunications Holdings Limited became a privately wholly owned subsidiary of Bowenvale Limited, which is now jointly owned by CITIC Group Corporation and Carlyle Asia Partners IV, L.P.

Launch history and future plans

This is a list of AsiaSat satellites.

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

History

Shareholders

Launch history and future plans

See also

References

External links