APT Satellite Holdings Limited is a Bermuda incorporated holding company whose Hong Kong incorporated subsidiary, APT Satellite Co. Ltd., operates the Apstar satellite constellation. Both APT Satellite Holdings and APT Satellite are headquartered in Hong Kong.
Facts
Agency TypeSatellite communications operator (APSTAR fleet); red chip company indirectly controlled by the Chinese government via China Aerospace Science and Technology Corporation (CASC) 1 Founded Year HeadquartersHong Kong (Bermuda-incorporated holding company) 1 Open Questions
Annual BudgetNot disclosed
Market capitalisation (HK$3.816 billion as at 30 June 2016) is disclosed in the source but is not an annual budget or revenue figure; no such figure found. Sources
1. Wikipedia (space and spaceflight articles)
Wikimedia FoundationAPT Satellite Holdings, lead section, second sentence
APT Satellite Holdings and APT Satellite are headquartered in Hong Kong.
APT Satellite Holdings, lead section, red chip sentence
It is a red chip company, as it was an overseas incorporated company, but controlled by the Chinese Government indirectly (via China Aerospace Science and Technology Corporation).
APT Satellite Holdings, history section
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, 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.
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