M&A UPDATES: NH Ceramics and Sky-One Coal Deals in Indonesia

NH CERAMICS: In relation to the proposed acquisition of 100% of the total equity interests of BlackGold Asia Resources Pte. Ltd. and BlackGold Energy Limited, parties in the transaction have agreed to extend the long-stop date from September 30 to October 3^rd. FYI, NH Ceramics agreed to pay US$150 million for BlackGold, which controls PT Samantaka Batubara, PT Ausindo Prima Andalas (APA), and PT Ausindo Andalas Mandiri (AAM) with coal assets in Indonesia. The plan was to satisfy the acquisition consideration with the issuance of 254 million new shares.

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