| Proposed Ticker: | ATS | 3111-3112, 31/F, One Pacific Place, 88 Queensway | |
| Exchange: | New York Stock Exchange | Hong Kong | |
| Industry: | Service |
| All share information is proposed | ||||
| Type of Shares: | American Depositary Receipts | Filing Date: | 11/18/96 | |
| U.S. Shares Filed: | 6,562,500 | Filing Range: | $16.00 - $20.00 | |
| Non-U.S. Shares Filed: | 6,562,500 | Offering Amount: | $236,250,000 | |
| Primary Shares: | 13,125,000 | Expenses: | $2,100,000 | |
| Secondary Shares: | 0 | Shs Out After: | 52,500,000 | |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 504-4525 |
| China Development Finance Co., (H.K.) Ltd. | Co-manager | |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Auditor: Ernst & Young | |||||
| 6 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/96 | |||
| Revenue: | $36.80 | $19.30 | Assets: | $482.90 | |
| Net Income: | $2.20 | $4.80 | Liabilities: | $400.00 | |
| EPS: | $0.06 | $0.12 | Equity: | $82.90 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company, through its indirectly wholly-owned subsidiary, APT Satellite Company Limited, is a leading provider of high quality satellite services throughout the PRC and elsewhere in the Asia-Pacific region. The company's customers include many prominent international broadcasters (including Discovery, Disney, ESPN, HBO, Sony Pictures Entertainment, TCI, Turner and Viacom), as well as prominent PRC, Taiwan and Hong Kong broadcasters (including CCTV, China Entertainment, Koting, One Leader and Po Hsin). The company's strategy is to serve as a preferred operator for these and other international and PRC broadcasters. The company also provides telecommunications services to, among others, the PRC Ministry of Posts and Telecommunications and United Communication Corporation, the only two public switched telephone network operators currently operating in the PRC. In addition to its current services, the company's strategy includes pursuing high growth opportunities, such as providing direct broadcast satellite services in the PRC and southeast Asia. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness of APT and partially finance the build and launch of APSTAR IIR and future satellite projects. |
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