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  Poll Results of the Special General Meeting held on 20 November 2007
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vi...@mindsofdesign.com  
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 More options Dec 7 2007, 3:37 pm
From: vi...@mindsofdesign.com
Date: Fri, 7 Dec 2007 12:37:26 -0800 (PST)
Local: Fri, Dec 7 2007 3:37 pm
Subject: Re: Poll Results of the Special General Meeting held on 20 November 2007
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I'm new to investing...what does the Option Agreement mean exactly? Is
it good news or bad news for the stock?


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gaddi...@yahoo.com  
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 More options Dec 7 2007, 3:57 pm
From: gaddi...@yahoo.com
Date: Fri, 7 Dec 2007 12:57:13 -0800 (PST)
Local: Fri, Dec 7 2007 3:57 pm
Subject: Re: Poll Results of the Special General Meeting held on 20 November 2007
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It is about allowing NTTCom to buy the Telcom business section of
ATS.
Details can be found in SEC files and previous posting.

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timturks  
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 More options Dec 7 2007, 10:26 pm
From: timturks <timtu...@yahoo.com>
Date: Fri, 7 Dec 2007 19:26:29 -0800 (PST)
Local: Fri, Dec 7 2007 10:26 pm
Subject: Re: Poll Results of the Special General Meeting held on 20 November 2007
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I don't believe that answers the question.  I checked out the link you
referenced and it is still puzzling what exactly is going on. Can you
break it down for some of us.  That would be great -  thanks

Also found this link which helps explain to anyone who has stocks tied
to China why their stock was up or down for a particular day

http://www.advfn.com/hkex/HangSengNews.asp?index=HSI.X


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gaddi...@yahoo.com  
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 More options Dec 9 2007, 11:43 pm
From: gaddi...@yahoo.com
Date: Sun, 9 Dec 2007 20:43:11 -0800 (PST)
Local: Sun, Dec 9 2007 11:43 pm
Subject: Re: Poll Results of the Special General Meeting held on 20 November 2007
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Here is the abstract of the contract.
"The Company announced that Skywork, a wholly-owned subsidiary of the
Company, and SingaSat, the joint venture partner of APT Telecom,
entered into the Option Agreement with the Licensee on 2 October 2007
pursuant to which an option is granted with option expiry date on 31
December 2008 whereby SingaSat and Skywork shall grant a call option
to the Licensee to purchase from them all the equity interests in APT
Telecom ,and a right of first refusal in respect of any offer to
purchase equity interests in APT Telecom is granted to the Licensee
during the period from 1 January 2009 to 31 December 2010 in respect
of offers made by parties."

Full documentation is available at http://www.secinfo.com/d12Um2.u1K5.htm

Back Ground:
APT Satellite has two major business segments: broadcasting (42% in
2005) and TeleCom (50% in 2005). (www.apstar.com/apt_investor)
The TeleCom business is running by APT Telecom.

APT Telecom is a joint venture of Skywork (55%) and SingaSat (45%).
It
contributes to roughly 45% of APT Satellite revenue but not
profitable.

Conclusion.
The contract mentioned above really means NTTCOM can purchase 100%
shares of APT Telecom
from Skywork and SingaSat.


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timturks  
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 More options Dec 10 2007, 6:03 am
From: timturks <timtu...@yahoo.com>
Date: Mon, 10 Dec 2007 03:03:06 -0800 (PST)
Local: Mon, Dec 10 2007 6:03 am
Subject: Re: Poll Results of the Special General Meeting held on 20 November 2007
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If NTTCOM purchases the stocks, what effect can we expect to see that
have on the share price of ATS?

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gaddi...@yahoo.com  
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 More options Dec 10 2007, 1:11 pm
From: gaddi...@yahoo.com
Date: Mon, 10 Dec 2007 10:11:25 -0800 (PST)
Local: Mon, Dec 10 2007 1:11 pm
Subject: Re: Poll Results of the Special General Meeting held on 20 November 2007
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Personally, I think it will be positive news if the purchase happens.
However, the posting is not convincing actions on either side. Make
your own judgement.


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