Re: Smart Move by Thaksin
SINGAPORE : Temasek Holdings has completed its takeover of the Thai telecom conglomerate, Shin Corp.
In a filing with Thailand's Securities and Exchange Commission, Temasek says its consortium now holds a 96.12 percent stake in Shin.
All in, the purchase is valued at US$3.8 billion, or almost S$6.2 billion.
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After that,
Thaksin raises possibility of stepping down temporarily
BANGKOK : Thai Prime Minister Thaksin Shinawatra said Wednesday he would consider stepping down for a period of time to ease the political crisis gripping the kingdom.
But Thaksin also said he had no immediate plans to give up the prime minister's job.
"I am open to considering every solution,(meaning he's waiting for completion of the shares)" the embattled premier said, when asked if he would consider stepping down temporarily.
"I still have to decide what to do. I will make the best decision when the time comes (still waiting for the completion of shares) " Thaksin told reporters in the town of Buriram in northeastern Thailand, where he was campaigning for April 2 snap elections.
"If there is anyone who could work instead of me, I would not cling to my position," (completed liao..and i am SGD6.2 Billion richer...!! so who cares who is PM now or in the future..) he said.
above-mentioned is only my point of view... a wise timely move.@@
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