Shin Says Temasek Unit to Sell Stake to Increase Free-Float
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Temasek Holdings Pte is selling a stake in Thailand’s Shin Corp., Somprasong Boonyachai, chairman of Shin’s executive committee, told reporters today in Bangkok.
Temasek decided to sell the stake to increase Shin’s so-called free-float, he said, without giving details on the size or price for the sale.