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 Holdings), which is incorporated in Bermuda.
| Company type | Private |
|---|---|
| Industry | Communications satellite |
| Founded | 1988 |
| Headquarters |
|
| Brands | AsiaSat |
| Revenue | HK$1.354 billion : 62 (2017) |
| HK$642 million : 62 (2017) | |
Net income | HK$397 million : 62 (2017) |
| Total assets | HK$7.401 billion : 63 (2017) |
| Total equity | HK$3.353 billion : 63 (2017) |
| Owner | CITIC – Carlyle consortium (74.43%) |
| Parent | Bowenvale |
| Website | https://www.asiasat.com/ |
| Footnotes / references in consolidated financial statement | |
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. It was a red chip 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 The listing of the company's shares was withdrawn from the Stock Exchange of Hong Kong on 5 September 2019.