Via Safety Agent Man:
From Bloomberg News
Loral May Buy 30% of China-Backed APT Satellite, HKET Says
Hong Kong, July 16 (Bloomberg) -- Loral Space & Communications Ltd., a U.S. satellite manufacturer, may buy a 20 to 30 percent stake in APT Satellite Holdings Ltd., a China- backed satellite operator, the Hong Kong Economic Times newspaper reported, citing the Electronic Times Network, a Hong Kong Chinese-language news wire service. A Merrill Lynch research report also said Pacific Century Regional Development Ltd., the Singapore-listed property and insurance arm of Richard Li's Pacific Century Group, is interested in becoming a shareholder in APT, the paper said.
APT shares rose 4.32 percent to HK$6.05 yesterday.
(Hong Kong Economic Times, 7/16, p.8)
Jul/15/1999 20:54 |
