Satellite operator AsiaSat’s independent shareholders have rejected plans to take the company private.
AsiaSat said that the proposal for its privatisation had not been approved by the requisite majority after it was rejected by the company’s independent shareholders.
AsiaSat said the plan had been adjourned indefinitely and the listing of its shares on the Hong Kong stock market would be maintained.
AsiaSat had offered HKD22 (€2.31) per share, subsequently increased to HKD23.50.
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