PT Astrindo Nusantara Infrastruktur Tbk (IDX:BIPI) entered into a share purchase agreement to acquire PTT Mining Limited from PTT International Holdings Limited for approximately $470 million on August 1, 2022. The transaction is subjected to conditions precedent specified in the Share Purchase Agreement including an approval of the transaction in Astrindo’s extraordinary shareholders meeting. The transaction is expected to be completed within the fourth quarter of 2022. Ng Melissa and Ho David of Clifford Chance, Hong Kong acted as a legal advisor to PTT International Holdings Limited.Credit Suisse (USA), Inc. acted as legal advisor to PTT Mining Limited.

PT Astrindo Nusantara Infrastruktur Tbk (IDX:BIPI) completed the acquisition of PTT Mining Limited from PTT International Holdings Limited for approximately $486 million on February 15, 2023. All conditions precedent under share purchase agreement are satisfied.