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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Temasek unit to raise $845mln in Shin Corp share sale

Posted on 10 January 2013

A unit of Singapore investment firm Temasek Holdings will raise US$687 million (S$845 million) through the sale of its 10.3 per cent stake in Thai telecommunications firm Shin Corp.
Cedar Holdings will sell 330 million Shin Corp shares at 63.25 baht (S$2.56) each, which would raise 20.87 billion baht, IFR reported. Its term sheet, seen by Reuters, had an indicative price of 62.75 baht to 63.75 baht per share……………………………………….Full Article: Source


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