Friday, February 23, 2007

Thai Government Scam to Get Shin Group Assets Working

Temasek may want to sell all of Shin, says minister

Information and Communi-cations Technology Minister Sitthichai Pookaiyaudom said he had heard the rumour that Temasek wants to dispose of all of its shares in Shin group, not only in Shin Satellite.

I predicted that this would happen. The Thai government is making it so difficult for Singapore to own those assets--both legally and from its abuse of right-wing propaganda-- that Temasek will have no choice but to sell the Shin Group assets at a huge loss.

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