SCHEDULE 13G
Amendment No. 1
APT Satellite Holdings Limited
American Depositary Receipts
Cusip # 00203R105
Cusip # 00203R105
Item 1: Reporting Person - FMR Corp. - (Tax ID: 04-2507163)
Item 4: Commonwealth of Massachusetts
Item 5: None
Item 6: None
Item 7: 4,771,500
Item 8: None
Item 9: 4,771,500
Item 11: 46.93%
Item 12: HC
Cusip # 00203R105
Item 1: Reporting Person - Edward C. Johnson 3d
Item 4: United States of America
Item 5: None
Item 6: None
Item 7: 4,771,500
Item 8: None
Item 9: 4,771,500
Item 11: 46.93%
Item 12: IN
Cusip # 00203R105
Item 1: Reporting Person - Abigail P. Johnson
Item 4: United States of America
Item 5: None
Item 6: None
Item 7: 4,771,500
Item 8: None
Item 9: 4,771,500
Item 11: 46.93%
Item 12: IN
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Item 1(a). Name of Issuer:
APT Satellite Holdings Limited
Item 1(b). Name of Issuer's Principal Executive Offices:
One Pacific Place, Room 311-3112 31/F
88 Queensway, Hong Kong
Item 2(a). Name of Person Filing:
FMR Corp.
Item 2(b). Address or Principal Business Office or, if None, Residence:
82 Devonshire Street, Boston, Massachusetts 02109
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
American Depositary Receipts
Item 2(e). CUSIP Number:
00203R105
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) and the
person filing, FMR Corp., is a parent holding company in accordance
with Section 240.13d-1(b)(ii)(G). (Note: See Item 7).
Item 4. Ownership
(a) Amount Beneficially Owned:
4,771,500
(b) Percent of Class:
46.93%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
None
(ii) shared power to vote or to direct the vote:
None
(iii) sole power to dispose or to direct the disposition of:
4,771,500
(iv) shared power to dispose or to direct the disposition of:
None
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.
Various persons have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the
sale of, the American Depositary Receipts of APT Satellite
Holdings Limited. The interest of one person, Fidelity
Contrafund, an investment company registered under the
Investment Company Act of 1940, in the American Depositary
Receipts of APT Satellite Holdings Limited, amounted to
2,274,400 American Depositary Receipts or 22.37% of the total
outstanding American Depositary Receipts at June 30, 1997. The
interest of one person, Fidelity Select Telecommunications
Portfolio, an investment company registered under the
Investment Company Act of 1940, in the American Depositary
Receipts of APT Satellite Holdings Limited, amounted to
1,223,200 American Depositary Receipts or 12.03% of the total
outstanding American Depositary Receipts at June 30, 1997. The
interest of one person, Fidelity Trend Fund, an investment
company registered under the Investment Company Act of 1940, in
the American Depositary Receipts of APT Satellite Holdings
Limited, amounted to 531,100 American Depositary Receipts or
5.22% of the total outstanding American Depositary Receipts at
June 30, 1997.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
See attached Exhibit(s) A and B.
Item 8. Identification and Classification of Members of the Group.
Not applicable, see attached Exhibit A.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any
transaction having such purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
Schedule 13G in connection with FMR Corp.'s beneficial
ownership of the American Depositary Receipts of APT Satellite
Holdings Limited at June 30, 1997 is true, complete and
correct.
July 8, 1997
Date
/s/Arthur S. Loring
Signature
Arthur S. Loring, Vice
President
Name/Title
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Pursuant to the instructions in Item 7 of Schedule 13G, Fidelity
Management & Research Company ("Fidelity"), 82 Devonshire Street, Boston,
Massachusetts 02109, a wholly-owned subsidiary of FMR Corp. and an investment
adviser registered under Section 203 of the Investment Advisers Act of 1940,
is the beneficial owner of 4,771,500 American Depositary Receipts or 46.93% of
the American Depositary Receipts outstanding of APT Satellite Holdings Limited
("the Company") as a result of acting as investment adviser to various
investment companies registered under Section 8 of the Investment Company Act
of 1940.
The ownership of one investment company, Fidelity Contrafund, amounted to
2,274,400 American Depositary Receipts or 22.37% of the American Depositary
Receipts outstanding. Fidelity Contrafund has its principal business office
at 82 Devonshire Street, Boston, Massachusetts 02109.
The ownership of one investment company, Fidelity Select
Telecommunications Portfolio, amounted to 1,223,200 American Depositary
Receipts or 12.03% of the American Depositary Receipts outstanding. Fidelity
Select Telecommunications Portfolio has its principal business office at 82
Devonshire Street, Boston, Massachusetts 02109.
The ownership of one investment company, Fidelity Trend Fund, amounted to
531,100 American Depositary Receiptss or 5.22% of the American Depositary
Receipts outstanding. Fidelity Trend Fund has its principal business office
at 82 Devonshire Street, Boston, Massachusetts 02109.
Edward C. Johnson 3d, FMR Corp., through its control of Fidelity, and the
funds each has sole power to dispose of the 4,771,500 American Depositary
Receipts owned by the Funds.
Neither FMR Corp. nor Edward C. Johnson 3d, Chairman of FMR Corp., has
the sole power to vote or direct the voting of the American Depositary
Receipts owned directly by the Fidelity Funds, which power resides with the
Funds' Boards of Trustees. Fidelity carries out the voting of the American
Depositary Receipts under written guidelines established by the Funds' Boards
of Trustees.
Members of the Edward C. Johnson 3d family and trusts for their benefit
are the predominant owners of Class B shares of common stock of FMR Corp.,
representing approximately 49% of the voting power of FMR Corp. Mr. Johnson
3d owns 12.0% and Abigail Johnson owns 24.5% of the aggregate outstanding
voting stock of FMR Corp. Mr. Johnson 3d is Chairman of FMR Corp. and Abigail
P. Johnson is a Director of FMR Corp. The Johnson family group and all other
Class B shareholders have entered into a shareholders' voting agreement under
which all Class B shares will be voted in accordance with the majority vote of
Class B shares. Accordingly, through their ownership of voting common stock
and the execution of the shareholders' voting agreement, members of the
Johnson family may be deemed, under the Investment Company Act of 1940, to
form a controlling group with respect to FMR Corp.
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
RULE 13d-1(f)(1) AGREEMENT
The undersigned persons, on July 8, 1997, agree and consent to the joint
filing on their behalf of this Schedule 13G in connection with their
beneficial ownership of the American Depositary Receipts of APT Satellite
Holdings Limited at June 30, 1997.
FMR Corp.
By /s/Arthur S. Loring
Arthur S. Loring
Vice President - Legal
Edward C. Johnson 3d
By /s/Arthur S. Loring
Arthur S. Loring
Under Power of Attorney dated
5/17/89
On File with Schedule 13G for
Airborne Freight Corp. 9/10/91
Abigail P. Johnson
By /s/Arthur S. Loring
Arthur S. Loring
Under Power of Attorney dated
1/5/96
On File with Schedule 13G for
Acclaim Entertainment Inc.
1/10/96
Fidelity Management & Research Company
By /s/Arthur S. Loring
Arthur S. Loring
Sr. V.P. and General Counsel
Fidelity Contrafund
By /s/Arthur S. Loring
Arthur S. Loring
Secretary
Fidelity Select Telecommunications
Portfolio
By /s/Arthur S. Loring
Arthur S. Loring
Secretary
Fidelity Trend Fund
By /s/Arthur S. Loring
Arthur S. Loring
Secretary
