Hutchison Telecom NYSE Trading Halt
By Hutchison Telecommunications International Limited, PRNESunday, January 3, 2010
HONG KONG, January 4 - Hutchison Telecommunications International Limited ("HTIL" or the
"Company"; SEHK: 2332, NYSE: HTX) today announces that it has received an
approach from the Company's majority shareholder, Hutchison Whampoa Limited,
regarding a possible general offer to the Company's shareholders and option
holders, and understands that an announcement pursuant to the Hong Kong
Takeovers Code on the subject may be imminent. HTIL has requested that the
New York Stock Exchange halts trading of the Company's American Depositary
Shares pending the release of the announcement. Trading of the Company's
shares on the Hong Kong Stock Exchange has been suspended effective since
2:30 p.m. (Hong Kong time) on 4 January 2010 pending the release of the
announcement.
About Hutchison Telecommunications International Limited
Hutchison Telecommunications International Limited ('Hutchison Telecom'
or 'the Group') is a leading provider of telecommunications services. The
Group currently offers mobile telecommunications services in Indonesia,
Vietnam, Sri Lanka and Thailand, operating brands "Hutch", "3" and
"Vietnamobile". Hutchison Telecom is a listed company with American
Depositary Shares quoted on the New York Stock Exchange under the ticker HTX
and shares listed on the Stock Exchange of Hong Kong under the stock code
2332. A member of the Hong Kong-based Hutchison Whampoa Group, Hutchison
Telecom is committed to providing superior telecommunications services in
dynamic markets. For more information about Hutchison Telecom, see
www.htil.com .
Cautionary Statements
This press release contains forward-looking statements. Statements that
are not historical facts, including statements about the beliefs and
expectations of Hutchison Telecommunications International Limited ('the
Company'), are forward-looking statements. These statements are based on
current plans, estimates and projections, and therefore you should not place
undue reliance on them. Forward-looking statements speak only as of the date
they are made, and the Company undertakes no obligation to update publicly
any of them in light of new information or future events. Forward-looking
statements involve inherent risks, uncertainties and assumptions. The Company
cautions you that if these risks or uncertainties ever materialise or the
assumptions prove incorrect, or if a number of important factors occur or do
not occur, the Company's actual results may differ materially from those
expressed or implied in any forward-looking statement. Additional information
as to factors that may cause actual results to differ materially from the
Company's forward-looking statements can be found in the Company's filings
with the United States Securities and Exchange Commission.
Hutchison Telecom, Ada Yeung, Corporate Communications, +852-2128-3106, +852-6347-0619, or adayeung at htil.com.hk and Nicky Lee, Investor Relations, +852-2128-3163, or nickylee at htil.com.hk
Tags: Asia, Hong Kong, Hutchison Telecommunications International Limited, United Kingdom