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| Company type | public company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| SEHK: 1045 | |||||||||||
| Industry | Telecommunications | ||||||||||
| Founded | 1992; 33 years ago (1992) (as APT Satellite) | ||||||||||
| Founder | Ministry of Aeronautics and Astronautics [zh] | ||||||||||
| Headquarters |
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| Brands | Apstar | ||||||||||
| Services |
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| Revenue |  HK$1.230 billion (2016) | ||||||||||
 HK$632 million (2016) | |||||||||||
| HK$494 million (2016) | |||||||||||
| Total equity | HK$4.849 billion (2016) | ||||||||||
| Owner |
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| Parent |
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| Subsidiaries | APT Satellite (100%) | ||||||||||
| Website | www | ||||||||||
| Footnotes / references inconsolidated financial statement[1] | |||||||||||
| Chinese name | |||||||||||
| Traditional Chinese | 亞太衛星控股有限公司 | ||||||||||
| Simplified Chinese | 亚太卫星控股有限公司 | ||||||||||
| Literal meaning | Asia Pacific Satellite Holding, Limited Company | ||||||||||
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| short name | |||||||||||
| Traditional Chinese | 亞太衛星 | ||||||||||
| Simplified Chinese | 亚太卫星 | ||||||||||
| Literal meaning | Asia Pacific Satellite | ||||||||||
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APT Satellite Holdings Limited is a Bermuda-incorporated holding company. Its Hong Kong-incorporated subsidiaryAPT Satellite Co., Ltd. is the operator of theApstar 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.[2] It is ared chip company,[2] as it was an overseas incorporated company, but controlled by the Chinese Government indirectly (viaChina Aerospace Science and Technology Corporation). Fellow Hong Kong–based satellite companyAsiaSat was also partially owned by the Chinese Government (viaCITIC Group), but belongs to a different department of the State Council.
The establishment of APT Satellite Company Limited was officially approved by theState Council of the People's Republic of China on 26 March 1992,[3] 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.[4][citation needed] APT Satellite is ared chip company was listed on theHong Kong Stock Exchange on 18 December 1996.[5]
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.
As of 31 December 2016[update], the largest shareholder of APT Satellite Holdings was APT Satellite International for 51.77% shares;[1] APT Satellite International was 42.86% owned by Chinese state-ownedChina Aerospace Science and Technology Corporation (CASC) indirectly, via a non-wholly owned subsidiaryChina Satellite Communications; China Satellite Communications owned an additional 1.45% shares of APT Satellite Holdings via another subsidiary: "China Satellite Communications (Hong Kong)".[1] Moreover, CASC owned an additional 14.29% stake of APT Satellite International, via another wholly owned subsidiary China Great Wall Industry Corporation.[1] Lastly, CASC owned 1.45% shares of APT Satellite Holdings directly.[1] 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.[1] CASC acquired the aforementioned 14.29% shares of APT Satellite International from its listed subsidiaryChina Aerospace International Holdings in 2011, by purchasing a company CASIL Satellite forHK$132.3 million.[7]
In 2003, the other shareholders of APT Satellite International were China Satellite Communications (at that time a separatestate-owned enterprise from CASC); SingaSat, a wholly owned subsidiary ofSingtel; and Kwang Hua Development and Investment, a Hong Kong company co-owned by Ruentex Group and China Development Corporation.[8]
The second largest shareholder of APT Satellite Holdings wasTemasek Holdings for 5.51% shares.[1] It was followed by International Value Adviser, LLC for 5.12%.[1]