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CTPCY CITIC Ltd (PK)

5.755
0.00 (0.00%)
07 Feb 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
CITIC Ltd (PK) USOTC:CTPCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 5.755 4.98 6.49 0.00 11:23:53

Citic-Carlyle JV Offers to Take Asia Satellite Telecommunications Private

28/06/2019 2:18am

Dow Jones News


CITIC (PK) (USOTC:CTPCY)
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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)

Copyright (c) 2019 Dow Jones & Company, Inc.

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