By Gaurav Raghuvanshi

A joint venture between Citic Ltd. (0267.HK) and Carlyle Group L.P. (CG) has offered to take its Hong Kong-listed satellite communications unit private in a 1.05 billion Hong Kong dollar ($134.4 million) deal.

Bowenvale Ltd. is offering HK$10.22 a share for all the shares in Asia Satellite Telecommunications Holdings Ltd. (1135.HK) that it doesn't already own, the satellite operator said in a filing to the stock exchange.

Bowenvale owns 74.43% of Asia Satellite, which operates seven communication satellites under the AsiaSat brand.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

(END) Dow Jones Newswires

June 27, 2019 21:03 ET (01:03 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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