BANGKOK/SINGAPORE, Aug 18 (Reuters) - An affiliate of Singapore state investor Temasek is selling almost 8 percent in Thai telecoms firm Shin Corp for $306 million, which will bring the free float of the company closer to the level required by Thai rules.
Shin Corp, once controlled by Thailand's former prime minister Thaksin Shinawatra's family, confirmed an earlier report from IFR Asia that Cedar Holdings would sell 253.5 million Shin shares at 35.5-37.25 baht per share.
Two sources with knowledge of the deal said Cedar, 49 percent owned by Temasek, sold shares at 36 baht on Thursday. Full story
Related:
Temasek unit pares holding in Thailand's Shin Corp - MSN Malaysia News
Temasek's affiliate sells 7.9% of Shin Corp shares - Total Telecom
Temasek's unit unloads In Touch shares - nationalmultimedia.com
Temasek-led entity sells $305 million Shin Corp stake - FinanceAsia
Singapore's Temasek cuts Shin Corp stake - Malaysia Star
