China Satellite Communications Explained

China Satellite Communications
Type:Subsidiary
Industry:Aerospace
Former Name:China Satellite Communications Corporation
Services:satellite communications
Owner:Chinese Government (via CASC) (99.75%)
Parent:China Aerospace Science and Technology Corporation
Website:chinasatcom.com

China Satellite Communications Co., Ltd. known as China Satcom is a Chinese aerospace company that provides services via satellites. The company was a subsidiary of China Aerospace Science and Technology Corporation (CASC).

China Satellite Communications operated the brand ChinaSat. APT Satellite Holdings, a listed company that was jointly controlled by China Satellite Communications and China Great Wall Industry Corporation (another subsidiary of CASC), operated satellites under the brand Apstar.

Before re-incorporated as a limited company, the company was known as China Satellite Communications Corporation.

History

China Satellite Communications Corporation was formed sometime in 2000 by the merger of several satellite companies of the [1]

In 2009, China Satellite Communications Corporation, a state-owned enterprise that was supervised by the State-owned Assets Supervision and Administration Commission of the State Council directly, was dismantled and distributed to China Aerospace Science and Technology Corporation and China Telecommunications Corporation respectively.[2] [3] However, it also acquired Sino Satellite Communications from CASC as a subsidiary.

In 2017, China Satellite Communications was re-incorporated again as a "company limited by shares", a function analog to public limited company.[4]

Subsidiaries

former

Notes and References

  1. Web site: 关于组建中国卫星通信集团公司有关问题的批复. 16 June 2000. 26 July 2017. State Council of the People's Republic of China. Chinese.
  2. News: Industry shakeup creates 3 telecom giants. 25 May 2008. 25 July 2017. China Daily.
  3. News: China Satcom taken over amid telecom reshuffle. 10 April 2009. 25 July 2017. China Daily.
  4. 中国卫通整体改制为股份有限公司. 27 June 2017. 25 July 2017. China Satellite Communications. Chinese.
  5. Web site: 2016 Annual Report. 20 April 2017. 25 July 2017. APT Satellite Holdings. Hong Kong Stock Exchange. 50.
  6. Web site: 2008 Annual Report. 18 April 2009. 25 July 2017. China Satcom Guomai Communications. Shanghai Stock Exchange. Chinese.