AsiaSat

Asia Satellite Telecommunications Holdings Limited, known by its brand name AsiaSat, is a commercial operator of communication spacecraft. AsiaSat, based in Hong Kong, is incorporated in Bermuda.

Asia Satellite Telecommunications Holdings
Private
ISINBMG0534R1088 
IndustrySatellite communication
Founded1988
Headquarters
  • Hong Kong (de facto)
  • Bermuda (registered office)
BrandsAsiaSat
Revenue HK$1.354 billion[1]:62 (2017)
HK$0642 million[1]:62 (2017)
HK$0397 million[1]:62 (2017)
Total assets HK$7.401 billion[1]:63 (2017)
Total equity HK$3.353 billion[1]:63 (2017)
OwnerCITIC–Carlyle consortium (74.43%)
ParentBowenvale
Websitewww.asiasat.com
Footnotes / references
in consolidated financial statement[1]

AsiaSat is jointly owned by Chinese state-owned CITIC Limited and private equity fund The Carlyle Group L.P. indirectly. It had a market capitalization of HK$2 billion on 30 November 2018.[2] It was a red chip company of the stock exchange.[2] 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 The listing of the company's shares was withdrawn from the Stock Exchange of Hong Kong on 5 September 2019.[3]

History

In September 2017, AsiaSat 9, AsiaSat's latest satellite built by Space Systems/Loral[4] was successfully launched and replaced AsiaSat 4 at 122 degrees 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

As of 31 December 2017, the direct parent company, Bowenvale Limited, owned 74.43% shares; Bowenvale was jointly owned by CITIC Limited and The Carlyle Group LP in a 50–50 ratio.[1]:54 Standard Life Aberdeen plc was the second largest shareholder for 5.36%.[1]:54 In May 2018, the ratio owned by Standard Life Aberdeen had decreased to 4.99%.[5] In November 2018, another private equity firm International Value Advisers owned 6.12% shares of AsiaSat.[6]

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.[3]

Launch history and future plans

This is a list of AsiaSat satellites.

AsiaSat satellites
Satellite Launch Date
(UTC)		 Rocket Launch Site Contractor Longitude Status Notes Ref.
AsiaSat 1 7 April 1990 Long March 3 Xichang LC-3 CASC Decommissioned Launched as Westar 6 on Space Shuttle mission STS-41B, became stranded in orbit, was retrieved by Space Shuttle mission STS-51A in November 1984, sold to AsiaSat.
AsiaSat 2 28 November 1995 Long March 2E Xichang LC-2 CASC 100.5° East Decommissioned
AsiaSat 3 24 December 1997 Proton-K / DM-2M Baikonur Site 81/23 ILS 105.5° East (intended)
158° West (1998)
62° West (1999–2002)		 Decommissioned Transferred to Hughes Global Services
AsiaSat 3S 21 March 1999 Proton-K / DM-2M Baikonur Site 81/23 ILS 147.5° East In Service Replaced AsiaSat 1 in May 1999. [7]
AsiaSat 4 12 April 2003 Atlas IIIB Cape Canaveral LC-36B ILS Relocated to a designated orbital slot in November 2017 In Service [8]
AsiaSat 5 11 August 2009 Proton-M / Briz-M Baikonur Site 200/39 ILS 100.5° East In Service A replacement satellite for AsiaSat 2 [9]
AsiaSat 6 / Thaicom 7 7 September 2014 Falcon 9 v1.1 Cape Canaveral SLC-40 SpaceX 120° East In Service [10]
AsiaSat 7 25 November 2011 Proton-M / Briz-M Enhanced Baikonur Site 200/39 ILS 105.5° East In Service Replaced AsiaSat 3S at the orbital location of 105.5° East. [11]
AsiaSat 8 5 August 2014 Falcon 9 v1.1 Cape Canaveral SLC-40 SpaceX 4° W In Service AsiaSat satellite with multiple Ku beams. [12]
AsiaSat 9 28 September 2017 Proton-M / Briz-M Baikonur Site 200/39 ILS 122° East In Service Replaced AsiaSat 4 at 122 degrees east. [13]

See also

References
  1. "2017 Annual Report" (PDF). Asia Satellite Telecommunications Holdings. 27 April 2017. Retrieved 26 July 2017.
  2. "List of Red Chip Companies (Main Board)". Hong Kong Exchanges and Clearing. 30 November 2018. Retrieved 6 December 2018.
  3. "AsiaSat shareholders approve privatisation proposal" (PDF).
  4. de Selding, Peter B. (2015-03-27). "AsiaSat Results Reflect Troop Withdrawals, Capacity Glut". Space News. Retrieved 29 March 2015.
  5. 【權益變動】亞洲衛星(01135-HK)遭基金減持9.35萬股 涉資60.3萬. Finet (in Chinese). Hong Kong: Financial Holdings Limited. 30 May 2018. Retrieved 7 December 2018.
  6. 【權益變動】亞洲衛星(01135-HK)獲International Value增持464萬股. Finet (in Chinese). Hong Kong: Financial Holdings Limited. 19 November 2018. Retrieved 7 December 2018.
  7. "AsiaSat 3S". AsiaSat. Archived from the original on 18 January 2014. Retrieved 7 January 2014.
  8. "AsiaSat 4". AsiaSat. Archived from the original on 7 December 2013. Retrieved 7 January 2014.
  9. "AsiaSat 5". AsiaSat. Archived from the original on 23 October 2013. Retrieved 7 January 2014.
  10. "AsiaSat 6". AsiaSat. Archived from the original on 7 December 2013. Retrieved 7 January 2014.
  11. "AsiaSat 7". AsiaSat. Archived from the original on 7 December 2013. Retrieved 7 January 2014.
  12. "AsiaSat 8". AsiaSat. Archived from the original on 7 December 2013. Retrieved 7 January 2014.
  13. Bergin, Chris (28 September 2017). "ILS Proton M successfully launches AsiaSat-9". Retrieved 28 September 2017.
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