Thailand ECM

Temasek nets $506m from Intouch stake sale

Singapore’s sovereign wealth fund cuts its stake in the holding company of Thailand’s largest carrier, potentially bringing an end to the saga surrounding the controversial investment.

Temasek took advantage of a brief improvement in market sentiment to sell nearly half of its equity stake in Thailand’s Intouch Holdings, raising Bt15.6 billion ($506 million) through a secondary block sale of shares after the market close on Wednesday.

¬ Haymarket Media Limited. All rights reserved.

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