AsiaSat To Delist From NYSE?

By | May 23, 2007 | Asia-Pacific, ST Briefs

Asia Satellite Telecommunications Holdings (AsiaSat), a provider of satellite transponder capacity, reportedly may delist from the New York Stock Exchange nearly a month after its largest shareholders failed to take the firm private because of an April 24 veto by the U.S. government.

Even if the company was not listed in the United States, it would nevertheless need U.S. State Department approval for the change of ownership, Singapore-based China Knowledge reported May 22.

The U.S. government was reportedly concerned about compliance with U.S. International Traffic in Arms Regulations (ITAR) and concerns over potential transfer of satellite technology to China.

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