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Sovereign Wealth Funds Briefing - Categorized | Market

Mystery deal gets even murkier

Posted on 11 January 2013

Temasek Holdings, Singapore’s state-owned investment company, appears to be on course to divest its controversial holdings in Shin Corp. You might recall that the Shin Corp deal in 2006 led to a yellow-shirt revolt against Thaksin Shinawatra. The military stepped in to oust him from power. Thailand has since suffered from political instability, with the ghost of Thaksin casting a dark shadow over the whole country.
It emerged on Wednesday that Temasek and its partners in Cedar Holdings Ltd sold 330 million Shin Corp shares at Bt63.25 apiece for a total of Bt20.87 billion. The price was a 5.6 per cent discount on Shin Corp’s Wednesday close at Bt67. But the buyer or buyers remain a mystery………………………………………..Full Article: Source

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