Citic-Carlyle JV Offers to Take Asia Satellite Telecommunications Private
June 27 2019 - 9:18PM
Dow Jones News
By Gaurav Raghuvanshi
A joint venture between Citic Ltd. (0267.HK) and Carlyle Group
L.P. (CG) has offered to take its Hong Kong-listed satellite
communications unit private in a 1.05 billion Hong Kong dollar
($134.4 million) deal.
Bowenvale Ltd. is offering HK$10.22 a share for all the shares
in Asia Satellite Telecommunications Holdings Ltd. (1135.HK) that
it doesn't already own, the satellite operator said in a filing to
the stock exchange.
Bowenvale owns 74.43% of Asia Satellite, which operates seven
communication satellites under the AsiaSat brand.
Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com
(END) Dow Jones Newswires
June 27, 2019 21:03 ET (01:03 GMT)
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