Temasek (a.k.a. Singapore) and Thailand

Temasek strikes again ! Remember my post on the mega-holding Temasek, the financial arm of the Singaporean government ? Well Temasek (and other Singaporean investors) just invested 1.87 Bn USD into Shin Corps, to acquire 49.6% of its capital. To whom Temasek bought those shares? From Mr. Thaksin Shinawatra, prime minister of Thailand.

Well, well, well... actually Thaksin does not own the shares, he had to transfer them to his family when he became prime minister (Thai's regulation), anyway. When you know the rivalry between Singapore & Thailand (Chinese vs. Thai), you cannot not think that it was a bold political move from the Singaporean government.

To be continued...