AMITIAE - Thursday 18 January 2012

Cedar Holdings (Temasek) to Sell 200 Million Shin Corp Shares

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By Graham K. Rogers


A report that appeared overnight in the Straits Times (Reuters) informs us that Cedar Holdings, a unit of Temasek Holdings is selling 6.2% of its sometimes controversial stake in Shin Corp, the former company of the Shinawatra family. This is estimated to reduce its shareholding to 38%.

The sale of 200 million shares could be worth some US$261 million but the sale price is reported to be around 7.8% lower than the current share trading price.

Within Thailand this may also reduce criticism concerning foreign holdings in Thai Telecomms companies.

Link to the Straits Times article.

Graham K. Rogers teaches at the Faculty of Engineering, Mahidol University in Thailand. He wrote in the Bangkok Post, Database supplement on IT subjects. For the last seven years of Database he wrote a column on Apple and Macs.



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