Date
18 October 2018

Synertone makes foray into satellite leasing, paper says

Synertone Communication Corporation (01613.HK) is said to have acquired the usage rights of the satellite resources of IPSTAR Co. Ltd., a joint-venture company under Singapore government-owned investment company Temasek Holdings, in China for US$80 million, Ming Pao Daily News reported Friday. Synertone chairman Wong Chit-on said if shareholders approve a resolution at a meeting later this month, the satellite resources can be leased out immediately and bring in profit for the financial year ending March 2014, the report said.

– Contact HKEJ at [email protected]

EL/AC/RC

 

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