Thai Shin says Temasek stake sale depends on market

Reuters, 24 Aug 2009
BANGKOK, Aug 24 (Reuters) - A plan by Singapore's Temasek Holdings [TEM.UL] to sell its stake in Thailand's leading telecoms group, Shin Corp SHIN.BK, will depend on market conditions, an official at the Thai firm said on Monday.
The plan is followed closely by investors as it is likely to increase the volume of Shin shares trading in the market. Some analysts see the stock as a good proxy for Thailand's telecoms industry but say the low free float is a trading risk.
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