APT SATELLITE (01045) saw a sharp intraday surge of nearly 12%. As of press time, the stock had climbed 9.63% to HK$2.39, with a trading volume of HK$19.9289 million. In terms of market news, the Shanghai Stock Exchange has refined the listing standards for commercial rocket enterprises. Kaiyuan Securities issued a research report pointing out that the refinement of listing standards for commercial rocket companies underscores the investment opportunities in the satellite sector. Public data reveals that China Satellite Communications Co.,Ltd. is a core professional subsidiary of China Aerospace Science and Technology Corporation engaged in satellite operation services, while APT SATELLITE is a controlling subsidiary of China Satellite Communications Co.,Ltd.
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