Shin Corp denies reports of sell-off by Thai PM's family

0 Comments | AFP, January, 2006

BANGKOK (AFP) — Shin Corp, the technology and communications empire founded by Thai Prime Minister Thaksin Shinawatra, denied reports that the premier's family was planning to sell its shares.

"We still insist on the information we gave to the SET last year when we denied any share sales to SingTel and China Telecom," company spokeswoman Rachadawan Sanitwong Na Ayuttaya said Tuesday.

"We can't comment anything about individual shareholders but nothing has changed so far about the corporate overall," she told AFP.

Last month, the company said in a filing with the Stock Exchange of Thailand that there was no plan for the family to sell its holdings to Singapore Telecommunications, Southeast Asia's largest phone company.

A sell-off of at least part of...