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Temasek could sell out of Shin
Singaporean state-owned investment giant Temasek Holdings is open to a sale of its stake in Shin Corp, parent firm of mobile operator Advanced Info Services.
Sale talk has been hyped by the Thai Supreme Court’s ruling against former Prime Minister…
Singaporean state-owned investment giant Temasek Holdings is open to a sale of its stake in Shin Corp, parent firm of mobile operator Advanced Info Services.
Sale talk has been hyped by the Thai Supreme Court’s ruling against former Prime Minister Thaksin Shinawatra, who was accused of implementing unfair commercial policies while he was in power.
The ruling has seen an increase in regulatory risk with companies linked to the former premiere.
Shin Corp Executive Chairman and acting president Somprasong Boonyachai said that if a buyer surfaces, Temasek will sell, adding that the stake was not forever.
