was formed with another state-owned company China Satellite Communications, which SinoSat 1 and other assets was injected to the joint venture as share capital.
[2][3] However, in 2009 China Satellite Communications was assigned as a subsidiary of CASC by the State-owned Assets Supervision and Administration Commission of the State Council (excluding some assets that were assigned to China Telecommunications Corporation).
In 2016 Sino Satellite Communications sold a 15% stake of a company (Chinese: 北京宇信电子) to Shenglu Telecommunication.
It was placed into a geostationary orbit, and is currently operating in a slot at 110.5° East of the Greenwich Meridian.
After launch, its solar panels and communications antenna failed to deploy, making the satellite unusable.
[10] According to the company website, Sino Satellite Communications was owned by several state-owned companies, namely China Aerospace Science and Technology Corporation (CASC), CITIC Group and China Financial Computerization Corporation (Chinese: 中国金融电子化公司).