APT Satellite Holdings Limited is a Bermuda-incorporated holding company. Its Hong Kong-incorporated subsidiary APT Satellite Co., Ltd. is the operator of the Apstar satellite constellation. APT Satellite Holdings and APT Satellite are headquartered in Hong Kong.
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| Company type | public company | ||||||||||
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| SEHK: 1045 | |||||||||||
| Industry | Telecommunications | ||||||||||
| Founded | 1992; 32 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$0632 million (2016) | |||||||||||
| HK$0494 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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As at 30 June 2016 the company had a market capitalisation of HK$3.816 billion.[2] It is a red chip company,[2] as it was an overseas incorporated company, but controlled by the Chinese Government indirectly (via China Aerospace Science and Technology Corporation). Fellow Hong Kong-based satellite company AsiaSat was also partially owned by the Chinese Government (via CITIC Group), but belongs to a different department of the State Council.
The establishment of APT Satellite Company Limited was officially approved by the State 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 a red chip company was listed on the Hong 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-owned China Aerospace Science and Technology Corporation (CASC) indirectly, via a non-wholly owned subsidiary China 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 subsidiary China Aerospace International Holdings in 2011, by purchasing a company CASIL Satellite for HK$132.3 million.[7]
In 2003, the other shareholders of APT Satellite International were China Satellite Communications (at that time a separate state-owned enterprise from CASC); SingaSat, a wholly owned subsidiary of Singtel; 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 was Temasek Holdings for 5.51% shares.[1] It was followed by International Value Adviser, LLC for 5.12%.[1]