Temasek to offload stake in Shin Corporation
November 15, 2006
In order to resolve a foreign ownership dispute, Singapore's Temasek Holdings is expected to sell up to 46 per cent stake in Thai telecom group Shin Corporation. This would reduce Temasek's aggregate holding in Shin Corporation to 48.9 per cent. Temasek aims to sell its holding at a price of 40-49.25 baht per share. While half the shares on sale would be reserved for institutional and retail investors, the balance would be offered to other companies.
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