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RTNominal up55.750 +0.350 (+0.632%)

17/09/2021 09:16

CKH Holdings (00001): H3I will be merged into Indosat

[ET Net News Agency, 17 September 2021] CK Hutchison Holdings Limited (00001) said the
group has entered into definitive agreements on 16 September 2021 in relation to the
proposed merger and related transactions with Ooredoo Group to combine their respective
Indonesian telecommunication businesses, H3I (a subsidiary of the company) and Indosat (a
subsidiary of Ooredoo).
Under the proposed merger, H3I will be merged into Indosat by way of a statutory merger
under Indonesian law in consideration for the issue of New MergeCo shares to the
shareholders of H3I (including the group). Upon merger closing, Indosat will continue as
the surviving legal entity, being MergeCo, which will be named PT Indosat Ooredoo
Hutchison Tbk and maintain its listing on the Indonesia Stock Exchange. (RC)

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