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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Temasek arm reduces Shin stake

Posted on 19 August 2011

An arm of Singapore state-investment firm Temasek Holdings Pte. Ltd. has reduced its stake in a Thai company that played a central role in the 2006 coup that ousted the country’s then-prime minister, Thaksin Shinawatra.

Shin Corp., a Thai telecommunication company, said Thursday that Cedar Holdings Ltd. sold 253.5 million shares, representing a 7.9% stake, to a group of investors. Cedar Holdings is 49% owned by Temasek……………………………………….Full Article: Source

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