SINGAPORE: Thai Prime Minister Thaksin Shinawatra's family has sold a 73 billion baht (RM7.1bil) stake in Shin Corp, which controls Thailand's biggest mobile phone operator, to Singapore's Temasek Holdings Pte.
Thaksin's family sold 1.49 billion shares, or 49.6% stake, at 49.25 baht each, the Singapore government's investment arm said in a statement yesterday. The fund will make a tender offer for the remaining shares in Shin Corp and its mobile phone unit, Advanced Info Service Pcl, according to a filing with the Thai Stock Exchange earlier.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
