Thai telecoms group Shin Corp (SHIN.BK) said on Wednesday its major shareholder, Singapore’s Temasek (TEM.UL), had no plans to sell its stakes in the Thai firm or in satellite unit Thaicom (THCOM.BK).
A court verdict on Feb. 26 that former Thai premier Thaksin Shinawatra concealed ownership of shares in Shin Corp and tailored government policies to benefit Shin has fuelled speculation Temasek might divest some or all of its Shin stake.
