irasia.com - CK Hutchison Holdings Limited

Press Release

CK Hutchison and Ooredoo Extend Exclusivity Period
for Negotiations on a Combination of
their Indonesian Telecommunications Businesses

(Hong Kong, 16 August 2021) CK Hutchison Holdings Limited (the "Company") announces that it has agreed with Ooredoo Q.P.S.C. ("Ooredoo") to extend the period to pursue negotiations on a potential transaction to combine PT Hutchison 3 Indonesia, a subsidiary of the Company, and PT Indosat TBK, a subsidiary of Ooredoo, on an exclusive basis until midnight, Hong Kong time, on 23 September 2021, which will be the final such extension.

The parties continue to progress their discussions, but additional time is needed to finalise definitive documents and, once finalised, to seek their respective internal corporate approvals.

Pending and subject to finalisation of definitive agreements and the required corporate approvals, no decision has been taken to proceed with any transaction.

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For media inquiries, please contact:

CK Hutchison Holdings Limited
Hans Leung
Email: hansl@ckh.com.hk

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