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19-08-2016, 09:40 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Saw the paper today that Temasek sold Intouch shares for $1.585b or 60.83 baht apiece after buying guide them at 49.25baht per share; seems to suggest that Temasek has make a profit from the investment. However a check on historical data show Temasek bought Shine Corp at US $1.88b.
"On Monday, 23 January 2006, the Shinawatra family sold its remaining 49.6% stake in Shin Corporation to two nominees of Temasek Holdings (Cedar Holdings and Aspen Holdings). The Shinawatra and Damapong (Potjaman's maiden name) families netted about 73 billion baht (about US$1.88 billion)."
In actual fact, $1b loss with today's exchange rate. More with the US-S $ exchange rate 10 years ago. Not to mention all the indirect and opportunity cost that will associate with the economic calculation.
Did the MSN try to portray a different story?
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?234537-Temasek-sell-telco-In-Touch-shares-to-Singtel&goto=newpost).
Saw the paper today that Temasek sold Intouch shares for $1.585b or 60.83 baht apiece after buying guide them at 49.25baht per share; seems to suggest that Temasek has make a profit from the investment. However a check on historical data show Temasek bought Shine Corp at US $1.88b.
"On Monday, 23 January 2006, the Shinawatra family sold its remaining 49.6% stake in Shin Corporation to two nominees of Temasek Holdings (Cedar Holdings and Aspen Holdings). The Shinawatra and Damapong (Potjaman's maiden name) families netted about 73 billion baht (about US$1.88 billion)."
In actual fact, $1b loss with today's exchange rate. More with the US-S $ exchange rate 10 years ago. Not to mention all the indirect and opportunity cost that will associate with the economic calculation.
Did the MSN try to portray a different story?
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?234537-Temasek-sell-telco-In-Touch-shares-to-Singtel&goto=newpost).