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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Temasek affiliate cuts Shin Corp stake

Posted on 11 January 2013

An affiliate of Singapore state investment company Temasek Holdings has sold part of its stake in Thai telecommunications holding company Shin Corp. (INTUCH) for around $687 million as Temasek reshuffles its portfolio, a person with knowledge of the deal said Thursday.
Shin Corp. was founded by former Thai Prime Minister Thaksin Shinawatra, the brother of current Prime Minister Yingluck Shinawatra. It has major stakes in Thailand’s largest cellular-service provider and its sole satellite operator………………………………………..Full Article: Source

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