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Asia Satellite Telecommunications Holdings
Company type	Private
Industry	Communications satellite
Founded	1988
Headquarters	Hong Kong (de facto); Bermuda (registered office);
Brands	AsiaSat
Revenue	HK$1.354 billion (2017)
Operating income	HK$642 million (2017)
Net income	HK$397 million (2017)
Total assets	HK$7.401 billion (2017)
Total equity	HK$3.353 billion (2017)
Owner	CITIC – Carlyle consortium (74.43%)
Parent	Bowenvale
Website	https://www.asiasat.com/
	Footnotes / references; in consolidated financial statement

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.

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.^[3] It was a red chip company of the stock exchange.^[3] 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 The listing of the company's shares was withdrawn from the Stock Exchange of Hong Kong on 5 September 2019.^[4]

History

In September 2017, AsiaSat 9, AsiaSat's latest satellite built by Space Systems/Loral^[5] was successfully launched and replaced AsiaSat 4 at 122° 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^[update], 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.^[2]^: 54 Standard Life Aberdeen plc was the second largest shareholder for 5.36%.^[2]^: 54 In May 2018, the ratio owned by Standard Life Aberdeen had decreased to 4.99%.^[6] In November 2018, another private equity firm International Value Advisers owned 6.12% shares of AsiaSat.^[7]

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.^[4]

Launch history and future plans

This is a list of satellites owned and operated by AsiaSat.

AsiaSat satellites
Satellite	Launch Date (UTC)	Rocket	Launch Site	Contractor	Longitude	Status	Notes	Ref.
AsiaSat 1	7 Apr 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 Nov 1995	Long March 2E	Xichang, LC-2	CASC	100.5° East	Decommissioned
AsiaSat 3	24 Dec 1997	Proton-K / DM-2M	Baikonur, Site 81/23	ILS	105.5° East (intended) 158° West (1998–1999) 62° West (1999–2002)	Decommissioned	Transferred to Hughes Global Services (HGS)
AsiaSat 3S	21 Mar 1999	Proton-K / DM-2M	Baikonur, Site 81/23	ILS	147.5° East	Decommissioned	Replaced AsiaSat 1 on 8 May 1999 and was replaced by AsiaSat 7	^[8]
AsiaSat 4	12 Apr 2003	Atlas IIIB	Cape Canaveral, LC-36B	ILS	Relocated to a designated orbital position in November 2017	In Service		^[9]
AsiaSat 5	11 Aug 2009	Proton-M / Briz-M	Baikonur, Site 200/39	Khrunichev	100.5° East	In Service	A replacement satellite for AsiaSat 2	^[10]
AsiaSat 6 / Thaicom 7	7 Sep 2014	Falcon 9 v1.1	Cape Canaveral, SLC-40	SpaceX	120° East	In Service		^[11]
AsiaSat 7	25 Nov 2011	Proton-M / Briz-M	Baikonur, Site 200/39	Khrunichev	105.5° East	In Service	Replaced AsiaSat 3S at the orbital location of 105.5° East.	^[12]
AsiaSat 8	5 Aug 2014	Falcon 9 v1.1	Cape Canaveral, SLC-40	SpaceX	4° West	In Service	AsiaSat satellite with multiple Ku beams.	^[13]
AsiaSat 9	28 Sep 2017	Proton-M / Briz-M	Baikonur, Site 200/39	Khrunichev	122° East	In Service	Replaced AsiaSat 4 at 122° East.	^[14]

References

^ "AsiaSat". Space Data Association. Retrieved 27 March 2023.
^ ^a ^b ^c ^d ^e ^f ^g ^h "2017 Annual Report" (PDF). Asia Satellite Telecommunications Holdings. 27 April 2017. Retrieved 26 July 2017.
^ ^a ^b "List of Red Chip Companies (Main Board)". Hong Kong Exchanges and Clearing. 30 November 2018. Retrieved 6 December 2018.
^ ^a ^b Henry, Caleb (23 September 2019). "AsiaSat shareholders accept privatization offer". Spacenews.com.
^ de Selding, Peter B. (27 March 2015). "AsiaSat Results Reflect Troop Withdrawals, Capacity Glut". SpaceNews. Retrieved 29 March 2015.
^ 【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.hk (in Chinese (Hong Kong)). Hong Kong: Financial Holdings Limited. 30 May 2018. Retrieved 7 December 2018.
^ 【權益變動】亞洲衛星(01135-HK)獲International Value增持464萬股. finet.hk (in Chinese (Hong Kong)). Hong Kong: Financial Holdings Limited. 19 November 2018. Retrieved 7 December 2018.
^ "AsiaSat 3S". AsiaSat. Archived from the original on 18 January 2014. Retrieved 7 January 2014.
^ "AsiaSat 4". AsiaSat. Archived from the original on 7 December 2013. Retrieved 7 January 2014.
^ "AsiaSat 5". AsiaSat. Archived from the original on 23 October 2013. Retrieved 7 January 2014.
^ "AsiaSat 6". AsiaSat. Archived from the original on 7 December 2013. Retrieved 7 January 2014.
^ "AsiaSat 7". AsiaSat. Archived from the original on 7 December 2013. Retrieved 7 January 2014.
^ "AsiaSat 8". AsiaSat. Archived from the original on 7 December 2013. Retrieved 7 January 2014.
^ Bergin, Chris (28 September 2017). "ILS Proton M successfully launches AsiaSat-9". Retrieved 28 September 2017.