Thaksin says family sold Shin Corp stake to Singaporean firm
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BANGKOK - Thai Prime Minister Thaksin Shinawatra said on Monday his family has sold its controlling stake in Shin Corp, the telecom giant he founded, to a Singaporean firm.
"The deal is finished," Thaksin told reporters.
"My children made the decision, because they want their father to focus on politics and to avoid public criticism about conflicts of interest," Thaksin said.
Thaksin did not name the buyer of his family's 49.6 percent stake in the company, but Singapore investment firm Temasek was widely reported to be the buyer.
The deal's estimated value is 73 billion baht (US$1.9 billion), making it the biggest corporate takeover in Thailand. - AFP/ir -
It's confirmed to be Temasek with some partners
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Temasek will own 51% of Thai Air Asia... 49% belongs to Malaysia Air Asia
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why did he sell it to temasek?
why did temasek offer such a high price?
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You ever wonder why analysts always make the comment that Temasek is paying too high a price for their acquisitions?Originally posted by dragg:why did he sell it to temasek?
why did temasek offer such a high price?
Without fail, from P&O and now Shin Corp.
What you think?