Temasek sold Thai telco

[Leepotism]

Temasek sells stakes in Thai telco Intouch, the former Shin Corp, for $700.6m

Former Thai Prime Minister Thaksin Shinawatra sold InTouch, then known as Shin Corp, to Temasek in 2006, setting off public criticism that led to his ousting in a coup.PHOTO: TEMASEK HOLDINGS




BANGKOK (REUTERS) - Units of Singapore's sovereign fund Temasek - Aspen Holdings and Anderton Investments - launched an overnight block trade on Wednesday (Aug 14) for 15.6 billion baht (S$700.6 million) or 8.02 per cent of its stakes in Thai telco company Intouch Holdings Pcl, according to a term sheet.
Former Prime Minister Thaksin Shinawatra sold InTouch, then known as Shin Corp, to Temasek in 2006, setting off public criticism that led to his ousting in a coup.
Singtel currently owns 21 per cent of InTouch.

 

[AhMeng]

My question is.. Did they make or lose money?

 

[laksaboy]

Former Prime Minister Thaksin Shinawatra sold InTouch, then known as Shin Corp, to Temasek in 2006, setting off public criticism that led to his ousting in a coup.

That's why he was in Sinkieland for bak kut teh.

 

[po2wq]

My question is.. Did they make or lose money?

who bother about making or losing moni wen ze main priority is dat iz done wifout regrets? ...

 

[laksaboy]

My question is.. Did they make or lose money?

Even if made money, you get nothing from it.

 

[rushifa666]

Genius just invested in UK few kknths back. Make a guess if they make or lose kkney

 

[eatshitndie]

at least its strategy is very consistent. buy high sell low.

 

[Confuseous]

If Shitty Times make no mention of the original transaction price, we know the answer.
(Remember how Slit Eyes OYK replied in parliament on the number of students, how many dollars etc and we
got answers in percentage.
The question then, is: how much did we lose, in dollar terms?

Clue:
Singapore state investor Temasek is seeking to sell its US$3.1 billion stake in Thai telecommunications company Shin Corp, according to people familiar with the matter, and has approached its SingTel unit as a possible buyer.

Share:
Temasek Holdings, which owns 41.6 per cent of Shin through a subsidiary, held talks with Singapore Telecommunications, as SingTel is formally known, late last year, said the people. Those discussions have since stalled amid political tensions in Thailand, they said.

https://www.scmp.com/business/compa...emasek-efforts-offload-shin-corp-singtel-unit
Note: Story published February 2014

 

[Ang4MohTrump]

This is the THUG-SIN's SHIT CORRUPTION COLLABORATION WITH LHL WHORE JINX.
But Only HALF AS DIRTY AS Najib 1MDB deals with Temasex.

 

[Leepotism]

Agree that Ho Ching and LHL are worse than Najib and his wife.

 

[winnipegjets]

They better hope Trump has no interest in this. If Trump wants it, he will pay pittance for it and SINKapore will have NO choice but to accede to Trump or face his wrath.

 

[spotter542]

Agree that Ho Ching and LHL are worse than Najib and his wife.

They are 100 times worse alright

 

[Lizzert]

Huat ah.....champions of investment

 

[nayr69sg]

3,100 million sold for 700 million?

WLE

 

[knowwhatyouwantinlife]

3,100 million sold for 700 million?

WLE

It says 8% of their holdings eqv to 700 million which 100% means 8.75 billion hence a profit ba

 

[nayr69sg]

It says 8% of their holdings eqv to 700 million which 100% means 8.75 billion hence a profit ba

Singapore state investor Temasek is seeking to sell its US$3.1 billion stake in Thai telecommunications company Shin Corp, according to people familiar with the matter, and has approached its SingTel unit as a possible buyer.

doesnt tally.

 

[winnipegjets]

Sounds like another previous deal done previously - Temasick sells Indian telco, Bharti, to Singtel at a loss of $2 billion. Singtel pumps in $700 million and GIC pumps in $1 billion to keep Bharti alive.

How much has Temasick lost this time?

 

[red amoeba]

Passing dead fishes to singtel n expect them to do what ? Make salted fish and sell back to Temasek ?

 

[Narong Wongwan]

It says 8% of their holdings eqv to 700 million which 100% means 8.75 billion hence a profit ba

It’s sgd 3.9bn (usd 3.1bn).
Over the years temasick pared their shareholdings usually at steep losses. But you can count on huge losses even if you add those in

 

[knowwhatyouwantinlife]

Passing dead fishes to singtel n expect them to do what ? Make salted fish and sell back to Temasek ?

One party takes a paper loss (TH) the other buys into the cash on hand of the acquired company (ST) and inflates its asset value..