APT SATELLITE HOLDINGS LTD
SC 13G, 1999-02-22
COMMUNICATIONS SERVICES, NEC
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<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. )*

                         APT SATELLITE HOLDINGS LIMITED
                                (Name of Issuer)

                                Ordinary Shares
                         (Title of Class of Securities)

                                    Y0190L106
                                 (CUSIP Number)

                                 December, 1996
             (Date of Event Which Requires Filing of this Statement)

                                 Gary J. Kocher
                            Preston Gates & Ellis LLP
                           701 Fifth Ave., Suite 5000
                             Seattle, WA 98104-7078
                                 (206) 623-7580

(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                Communications)

     Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

         [ ] Rule 13d-1(b)
         [ ] Rule 13d-1(c)
         [x] Rule 13d-1(d)

     *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

     The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).


<PAGE>   2
CUSIP NO. Y0190L106                                                  Page 2 OF 4


- -------------------------------------------------------------------------------
CUSIP NO. Y0190L106
- -------------------------------------------------------------------------------
  (1)     NAME OF REPORTING PERSON                 

               China Travel Fok Tai (Macau) Limited

          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                
- -------------------------------------------------------------------------------
  (2)     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP              (a)  [x]
                                                                        (b)  [ ]
- -------------------------------------------------------------------------------
  (3)     SEC USE ONLY
- -------------------------------------------------------------------------------
  (4)     CITIZENSHIP OR PLACE OF ORGANIZATION                      

               Macau
- -------------------------------------------------------------------------------
                       (5)     SOLE VOTING POWER                    
  NUMBER OF SHARES             0
    BENEFICIALLY       --------------------------------------------------------
      OWNED BY         (6)     SHARED VOTING POWER                  
        EACH                   214,200,000
      REPORTING        --------------------------------------------------------
       PERSON          (7)     SOLE DISPOSITIVE POWER               
        WITH                   0
                       --------------------------------------------------------
                       (8)     SHARED DISPOSITIVE POWER             
                               214,200,000
- -------------------------------------------------------------------------------
  (9)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         

               214,200,000
- -------------------------------------------------------------------------------
 (10)     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN 
          SHARES                                                            [ ]
- -------------------------------------------------------------------------------
 (11)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)           

               51.0%
- -------------------------------------------------------------------------------
 (12)     TYPE OF REPORTING PERSON
         
               CO
- -------------------------------------------------------------------------------


<PAGE>   3
CUSIP NO. Y0190L106                                                  Page 3 OF 4


Item 1.

        (a)     Name of Issuer: APT SATELLITE HOLDINGS LIMITED

        (b)     Address of Issuer's Principal Executive Offices:

                           Room 3111-2, 31 F
                           One Pacific Place
                           88 Queensway
                           Hong Kong K3

Item 2.

        (a)     Name of Person Filing: China Travel Fok Tai (Macau) Limited

        (b)     Address of Principal Business Office:

                           Avenida da Praia Grande
                           No. 594, Edificio Banco Comercial Macau
                           16 Andar, Macau

        (c)     Citizenship: Macau

        (d)     Title of Class of Securities: Ordinary Shares

        (e)     CUSIP Number: Y0190L106

Item 3.  Not Applicable.

Item 4.  Ownership*

<TABLE>
<S>                                                                                  <C>        
        (a)     Amount Beneficially Owned:                                           214,200,000

        (b)     Percent of Class:                                                    51.0%

        (c)     Number of shares as to which such person has:

                (i)     sole power to vote or to direct the vote                     0

                (ii)    shared power to vote or to direct the vote                   214,200,000

                (iii)   sole power to dispose or to direct the disposition of        0

                (iv)    shared power to dispose or to direct the disposition of -    214,200,000
</TABLE>

Item 5. Ownership of Five Percent or Less of a Class

                Not Applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person

                Not Applicable.


<PAGE>   4
CUSIP NO. Y0190L106                                                  Page 4 OF 4


Item 7. Identification and Classification of the Subsidiary Which Acquired the
        Security Being Reported on By the Parent Holding Company

                Not Applicable.

Item 8. Identification and Classification of Members of the Group

                Not Applicable.

Item 9. Notice of Dissolution of a Group

                Not Applicable.

Item 10. Certification

                Not Applicable.



                                    SIGNATURE

        After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                       February 18, 1999


                                       CHINA TRAVEL FOK TAI (MACAU) LIMITED
     

                                       By /s/ Fok Ng
                                          ------------------------------------- 
                                                        Mr. Fok Ng


                                       By /s/ Shujuan Li
                                          -------------------------------------
                                                      Ms. Shujuan Li


- --------
* Pursuant to the terms of a Shareholder's Agreement dated _____, 1996 (the
"Agreement"), China Travel Fok Tai (Macau) Limited, Singasat Pte Limited, Kwang
Hua Development & Investment Limited, Chia Tai International Telecommunication
Company Limited, China Telecommunications Broadcast Satellite Corporation, China
Aerospace Corporation, and China Satellite Launch & Tracking Control General
(collectively "Shareholders" and individually "Shareholder"), the Shareholders
share voting power and investment power over the 214,200,000 Ordinary Shares
("Holdings Shares") of APT Satellite Holdings Limited ("Holdings") directly
owned and held by APT Satellite International Company Limited (the "Company").
In accordance with Rule 13d-3(a) under the Securities Exchange Act of 1934, as
amended, each Shareholder is deemed to be an indirect beneficial owner of the
214,200,000 Holdings Shares.


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