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 Holdings), which is incorporated in Bermuda. AsiaSat Holdings 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-own ...

and private equity fund

The Carlyle Group The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in ...

L.P. indirectly. It had a market capitalisation of

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 ...

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 The listing of the company's shares was withdrawn from the Stock Exchange of Hong Kong on 5 September 2019.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

was successfully launched and replaced

AsiaSat 4 Paksat-MM1 (formerly known as AsiaSat 4) was a leased communications satellite operated by SUPARCO, Pakistan's space agency. It was provided by Asia Satellite Telecommunications Company (AsiaSat), a Hong Kong–based satellite operator. Init ...

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 Aberdeen Group plc, trading as aberdeen, is a United Kingdom-based investment company headquartered in Edinburgh, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The registered office of the compa ...

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 satellites owned and operated by AsiaSat.

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