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SATS Ltd (SATS.SI)

SATS.SI on Stock Exchange of Singapore

4.81SGD
27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Sats Ltd announces sale of shares in capital of Sats HK and Asia Airfreight Terminal
Friday, 17 Mar 2017 06:30am EDT 

Sats Ltd. : Sale of shares in the capital of Sats HK Ltd and Asia Airfreight Terminal Co Ltd . Sats has entered into sale and share purchase agreements with Hong Kong Airlines . Sats sells a 51 pct and a 4 pct stake in Sats HK and AAT to Hong Kong Airlines respectively . Deal at a sale consideration of HK$76.5 million . Sats will also be selling 4 pct of issued shares of AAT to HCIL, at a sale consideration of HK$100 million .Transactions are not expected to have any material impact on Sats' net tangible assets per share and consolidated EPS for current financial year.  Full Article

Sats says Q3 net profit rises 7.4 pct
Thursday, 9 Feb 2017 04:50am EST 

Sats Ltd : For Q3 ended December 31, 2016, group revenue was comparable year-on-year at S$440.9 million . Qtrly profit attributable to owners of company was S$65.1 million, 7.4% higher year- on-year .Operating environment continues to be challenging with airline margins under increasing pressure.  Full Article

SATS Ltd announces partnership with the general authority of civil aviation of Saudi Arabia
Monday, 22 Aug 2016 06:41am EDT 

SATS Ltd : Sats enters Saudi Arabian cargo market) . Announces partnership with the general authority of civil aviation of Saudi Arabia (gaca) and King Fahd International Airport (kfia) . Says granted to its subsidiary Sats Saudi Arabia, the cargo handling concession is valid for 22.5 years . Says Sats will build a new cargo terminal in the vicinity of kfia and within the kingdom's new cargo village .  Full Article

SATS updates on subscription of additional shares in DFASS
Monday, 1 Aug 2016 06:54am EDT 

SATS Ltd : Says Asia-pacific star and DFASS (Singapore) each subscribed for 9.0 million ordinary shares dfass Sats for consideration of s$9.0 million each . Transaction not expected to have any material impact on sats' NTA per share and consolidated EPS for current financial year .  Full Article

Sats says cessation of Cheng Wai Wing Edmund as chairman
Tuesday, 19 Jul 2016 10:11am EDT 

SATS Ltd : Says cessation of Cheng Wai Wing Edmund as chairman and independent non-executive director .  Full Article

SATS Ltd says unit to divest 17.8 pct stake in IAC to Tokyo Airport Service Co
Wednesday, 15 Jun 2016 05:50am EDT 

SATS Ltd : Divestment of 17.8% stake in international airport cleaning co., ltd.) . Tfk corporation signed a share transfer agreement on 15 June 2016 to sell its 3,200 shares in international airport cleaning . Deal for for the sum of JPY 16.8 million . Says proposed divestment is not expected to have any material impact on the co's consolidated EPS for currenet FY .  Full Article

SATS Ltd says Catering Pte signed share subscription agreement with Purantara Mitra Angkasa Dua
Wednesday, 25 May 2016 07:50am EDT 

SATS Ltd : Proposed subscription of 20% shareholding in Purantara Mitra Angkasa Dua) . Sats catering pte ltd has signed a share subscription agreement with Purantara Mitra Angkasa Dua . Pursuant to the ssa the total subscription price of the proposed subscription is idr111.95 billion .  Full Article

SATS says Euleen Goh Yiu Kiang appointed chairman
Sunday, 22 May 2016 07:10pm EDT 

SATS Ltd : Says Edmund Cheng Wai Wing will be stepping down from office as chairman and as a director .Says Euleen Goh Yiu Kiang, an independent non-executive director of the company will be appointed chairman.  Full Article

SATS says Q4 revenue S$417.6 million versus S$425.1 million
Sunday, 22 May 2016 07:07pm EDT 

SATS Ltd : Q4 revenue s$417.6 million versus s$425.1 million . Says Q4 net profit s$50.7 million versus s$51.6 million .  Full Article

Sats says acquisition of additional 13 pct interest in Associate Macroasia Catering Services
Wednesday, 22 Jul 2015 05:51am EDT 

Sats Ltd:Acquisition of additional 13 percent interest in associate macroasia catering services.Share purcahse consideration comprises initial consideration of S$5.1 million.Transaction not expected to have material impact on co's consolidated EPS for year ending March 31, 2016.  Full Article

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