AsiaSat

Asia Satellite Telecommunications Holdings
Company typePrivate
IndustryCommunications satellite
Founded1988[1]
Headquarters
  • Hong Kong (de facto)
  • Bermuda (registered office)
BrandsAsiaSat
RevenueIncrease HK$1.354 billion [2]: 62  (2017)
Increase HK$642 million [2]: 62  (2017)
Decrease HK$397 million [2]: 62  (2017)
Total assetsDecrease HK$7.401 billion [2]: 63  (2017)
Total equityIncrease HK$3.353 billion [2]: 63  (2017)
OwnerCITIC – Carlyle consortium (74.43%)
ParentBowenvale
Websitehttps://www.asiasat.com/
Footnotes / references
in consolidated financial statement[2]

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 and private equity fund The Carlyle Group L.P. indirectly. It had a market capitalisation of HK$2 billion on 30 November 2018.[3] It was a red chip company of the stock exchange.[3] 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 The listing of the company's shares was withdrawn from the Stock Exchange of Hong Kong on 5 September 2019.[4]

  1. ^ "AsiaSat". Space Data Association. Retrieved 27 March 2023.
  2. ^ a b c d e f "2017 Annual Report" (PDF). Asia Satellite Telecommunications Holdings. 27 April 2017. Retrieved 26 July 2017.
  3. ^ a b "List of Red Chip Companies (Main Board)". Hong Kong Exchanges and Clearing. 30 November 2018. Retrieved 6 December 2018.
  4. ^ Henry, Caleb (23 September 2019). "AsiaSat shareholders accept privatization offer". Spacenews.com.