PARIS — The principal owners of satellite fleet operator AsiaSat proposed to de-list the company from the Hong Kong Stock Exchange and offered a 31.46% premium to minority shareholders in an all-cash transaction valued at 1.053 billion Hong Kong dollars, or $134.8 million.
Bowenvale Ltd., a British Virgin Islands-based 50-50 joint venture between Chinese government-owned CITIC Ltd. and The Carlyle Group, owns 74.43% of AsiaSat. They said the low liquidity of AsiaSat stock has made . . .
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