Technology Industry

Temasek suffers losses after its takeover of Shin.(Advanced Info Service, ITV PLC suffered losses)(Temasek Holdings Private Ltd.)(Brief article)

Wireless Satellite and Broadcasting Newsletter, November, 2006

Singapore-based Temasek Holdings has apparently suffered a loss of 41 percent since it took over telecom company Shin in January this year. The shares of Shin on the SET fell by 0.85 percent to close at $0.77 compared to the $1.31 per share paid by Temasek in its acquisition. Also, other companies belonging to the Shin Group suffered losses.

Television broadcaster iTV fell 2.82 percent to $0.073, mobile firm Advanced Info Service suffered a 2.29 percent reduction to $2.28, and Shin Satellite fell 2.08 percent to $0.18. The stocks related to the deposed Prime Minister Thaksin Shinawatra (since the military takeover on September 19) have been sold by the investors. The Supreme Administrative Court has accepted a petition which charges the state agencies with...

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