Temasek Holdings Brought Shin Corp

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Shin Corporation PLC shares that was owned by Thaksin Shinawatra family sold its remaining 49.6 percent stake in the company to nominees of Temasek Holdings, the Singapore government’s investment arm, for US$1.88 billion. Shin Corp was founded in 1983 as Shinawatra Computer by Thaksin Shinawatra, former Prime Minister of Thailand, and took on its current name in 1999. The company grew tremendously under the leadership of Shinawatra and the company received the Royal Warrant on 11 June 2004, which gave it permission to display the royal Garuda emblem in public. Shin Corp was valued at US$2.85 billion on the Thai bourse, comprises more than 20 companies in the wireless, satellite, Internet and media sectors.

Update 2009: Shin Corp was valued at $1.8 billion on the Thai bourse.

Update 2011: Temasek still effectively controls Shin Corp through two Thai-registered companies. Temasek still holds the majority of share in Shin Corporation. On April 1, 2011 the company change its name, logo and stock symbol to Intouch Corporation.

Update 2012: Temasek bought Shin Corp, the market value was 70 biilion baht. The current valuation is 138 billion baht.

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