Hong Kong- General Electric Company (GE) has become a major shareholder in Asia Satellite Telecommunications Holdings Limited (AsiaSat), with approximately 34.1% of the issued share capital, following the completion of the Exchange Transaction between GE and SES on March 29.GE exchanged its entire shareholding of about 19% in SES for cash and assets, including its 34.1% economic interest in AsiaSat. CITIC Group, AsiaSat's founding shareholder, remains the other major investor with a 34.8% stake. … [Read more...] about GE joins CITIC Group as major shareholder in AsiaSat