Bloomberg.com
18 Jun 2008
June 18 (Bloomberg) -- Singapore's Temasek Holdings Pte reiterated a pledge to reduce its stake in Thailand's Shin Corp., an investment that sparked protests that culminated in the coup that ousted former Thai Prime Minister Thaksin Shinawatra.
Temasek, which led a group that bought more than 96 percent of the Thai company from investors including Thaksin's family, must cut its shareholding to comply with a rule that at least 15 percent of a listed company's stock is freely tradable. Shinawatra family assets, including 53 billion baht ($1.6 billion) related to the Shin sale, are frozen by a junta-installed committee.
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