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Thailand Equity Movers: Shin Corp., Sicco Securities, Supalai

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Aug. 18 (Bloomberg) -- Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok.

The SET Index fell 4.42 points, or 0.4 percent, to 1,089.09.

Shin Corp. Pcl (INTUCH TB), a Thai telecommunication operator controlled by Singapore state-owned investment company Temasek Holdings Pte, dropped 5.6 percent to 37.75 baht, the largest decrease since April 5.

Cedar Holdings Ltd., a Temasek affiliate, sold 253.5 million shares to cut its holding to 46.44 percent, according to a Shin regulatory filing today. The shares were sold for 35.50 baht ($1.19) to 37.25 baht each, a discount of as much as 11 percent from yesterday’s closing price, according to a term sheet for the sale obtained by Bloomberg.

Sicco Securities Pcl (SSEC TB), a stock brokerage, gained 1.3 percent to 1.60 baht, the highest close since October 2007. The Thai-language Thunhoon newspaper reported investors may buy the company’s shares. Sicco hasn’t received any notification of an offer, it said in a regulatory filing.

Supalai Pcl (SPALI TB), a property developer, climbed 1.4 percent to 14.5 baht, the highest close since November 1994. The Bank of Thailand’s financial bailout fund agreed to sell land to Supalai for 1.82 billion baht, the central bank said in a statement.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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