China Satcom to issue new “A” shares on China mainland for Hong Kong-based APT

by Peter B. de Selding

ROCHEFORT-EN-TERRE, France — Hong Kong-based satellite fleet operator APT Satellite Holdings will be traded on a mainland Chinese stock exchange following a decision announced Jan. 5 by APT’s majority shareholder, China Satellite Communications Co. Ltd. (CSCC).

APT shares were up 11% on the news in Jan. 5 trading on the Hong Kong Stock Exchange.

CSCC said it would list an unspecified number of “A” shares in APT in China. CSCC itself is in the midst of registering publicly traded stock in China . . .

To view the entire article, become a subscriber!

You may also like

Our greatest offer yet

You’ve been selected to enjoy 6 months of access to Space Intel Report for just $245.