15 February 2019

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]



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