Asia Finest Discussion Forum > Will u buy back Shin Corp?

tangawizi

Feb 21 2007, 01:04 AM

QUOTE

Tuesday February 20, 1:52 PM
Thailand to poll nation on reclaiming satellites from Singapore

Thailand has announced it will poll the nation and allow public opinion to decide whether the government should seek to buy back the nation's satellite operator now controlled by Singapore's Temasek.

If more than 75 percent of those surveyed back the idea, Thailand will make an offer to buy Temasek's shares in Shin Satellite, said the minister for information and communication technology, Sitthichai Pookaiyaudoom.

Singapore's state-linked investment firm Temasek won control of ShinSat last year when it bought Thai telecom giant Shin Corp from the family of ousted prime minister Thaksin Shinawatra.

The politically explosive deal sparked street protests and eventually led to the bloodless coup that toppled Thaksin's government in September.

ShinSat operates four satellites owned by the Thai government under a concession that has 10 years remaining.

Temasek holds a controlling 41 percent stake in ShinSat. Buying out Temasek's shares would cost the Thai government about 10 billion baht (280 million dollars), Sitthichai said.

"This issue is very delicate and affects public sentiment. We have to be very careful in how we proceed," he added.

Thailand's National Statistical Office will have one month to conduct the poll and submit the results to the government, the minister said.

Meanwhile, the government will continue to investigate whether Temasek broke foreign ownership laws when it bought Shin Corp, Sitthichai.

The minister said Monday that if the deal were declared illegal, the government could revoke ShinSat's concession to operate the four Thai government-owned satellites.

Thai junta leader General Sonthi Boonyaratglin on Friday described the telecom satellites as "national assets" that should revert back to Thai control.

Sonthi has previously voiced fears that Singapore would use the satellites to spy on Thailand, and has ordered military officials to give up their cell phones in favor of walkie-talkies.

Singapore has denied any spying.

The grandstanding came after a month of tension between Thailand and Singapore, sparked by a visit to the city-state by Thaksin, during which he met with a top government official.

ricochet

Feb 21 2007, 02:56 AM

its a legitimate transaction and no foul play. Go to international tribunal to get it back but fat chance

yokie

Feb 21 2007, 06:31 AM

QUOTE(ricochet @ Feb 21 2007, 02:56 PM)

its a legitimate transaction and no foul play. Go to international tribunal to get it back but fat chance

you can't have legitimate transaction of any stolen goods.

ricochet

Feb 21 2007, 08:00 AM

QUOTE(yokie @ Feb 21 2007, 07:31 PM)

you can't have legitimate transaction of any stolen goods.

haha.....dream on babe

AEROFORCE1

Feb 21 2007, 09:27 AM

I think Thais have such a full right to receive our satellites back, it's the nation source. But we were wrong in institution drafting at the begining, and Thaksin was taking adventage of. However I wont happy if we have to buy it back and our tax go to Thaksin pocket again

I don't hate Singapore,i think that Thailand should learn from Singapore especially real Thai people because nowadays Thailand can only survive from Chinese-Thai and foriegner, they should activate themself, change their lazy-mind and don't think everything comes easily.

I didn't mean every real-thai but all of us. If we can change our self, maybe foriegners will change their attitude about Thailand.

yokie

Feb 21 2007, 12:48 PM

QUOTE(ricochet @ Feb 21 2007, 08:00 PM)

haha.....dream on babe

you wish

ricochet

Feb 21 2007, 06:30 PM

QUOTE(AEROFORCE1 @ Feb 21 2007, 10:27 PM)

I think Thais have such a full right to receive our satellites back, it's the nation source. But we were wrong in institution drafting at the begining, and Thaksin was taking adventage of. However I wont happy if we have to buy it back and our tax go to Thaksin pocket again

I don't hate Singapore,i think that Thailand should learn from Singapore especially real Thai people because nowadays Thailand can only survive from Chinese-Thai and foriegner, they should activate themself, change their lazy-mind and don't think everything comes easily.

I didn't mean every real-thai but all of us. If we can change our self, maybe foriegners will change their attitude about Thailand.

that is a very good point there. when there is a problem, we should not advocate a negative stance and quickly pointing other people's mistake but rather do a self examinatory analysis

Thailand is rocked with another militant strike and many more expected. The govt should do something before it get worst. I am concerned as we are neighbours....the aftermath will not confide only in Thailand but throughout the region

For sure, we wouldnt want another Economic Crisis

erla

Feb 22 2007, 04:40 AM

That is it. I as a thai would want our satalite back(despite living in Singapore) You really cannot trust that other countries would not take the opportunity of owning a satelite of other country and spying on them.

Seriously,the singapore newspapers are really very very bias,especially Today,straits times and such,I still am irritated at the Today newspaper for printing the article "shame on you,thailand".

And now they are still printing more degrading remarks,and the comments sent to the newspapers(the kinder one call us 3 years old kids...the more nasty one..well,let not go into that) Anyway,I agree that Singapore and not to mentioned those Farangs have been taking advantage of the Thai kind nature for too long,it's time to be smarter and tougher ourselves.

AEROFORCE1

Feb 23 2007, 11:19 AM

In some what Temasek is interrest on making money from sell 3G tech than hacking the soldier message

Perhaps if they want they can just pay for some corupt army to report them

Thats why they want the IP star. I think the goverment is miss the point they should pay attention on the inside problem than that stupid sattlelite .

yokie

Feb 24 2007, 12:53 PM

I don't think Thailand should buy back shin corp as a whole because ITV (one of many shin bussinesses) has been charged with illegal broadcasting content. Furthermore, the court of Thailand has ruled that ITV will need to pay back 100 billion bahts to the Thai goverment. Buying shincorp back would be the most foolish move for General surayut to make.

Since Shincorp is really one of Thai bussiness in Thai stock market, all we could hope for is that Thai people will stop using their products and services. That way we can easily get the whole company back without having to pay so much.

ricochet

Feb 25 2007, 02:25 AM

QUOTE(yokie @ Feb 25 2007, 01:53 AM)

I don't think Thailand should buy back shin corp as a whole because ITV (one of many shin bussinesses) has been charged with illegal broadcasting content. Furthermore, the court of Thailand has ruled that ITV will need to pay back 100 billion bahts to the Thai goverment. Buying shincorp back would be the most foolish move for General surayut to make.

Since Shincorp is really one of Thai bussiness in Thai stock market, all we could hope for is that Thai people will stop using their products and services. That way we can easily get the whole company back without having to pay so much.

basically the sale was done through shares. So if thailand wants it back, what they could do is buy back the shares. there is a limit to one party owning the shares before it should be announced and registered to the SC.

So I think its best that the Thai govt thru their many of their rich GLC starts buying back up to 4% each. And when they have controlling stake....they could annouce to take-over in what we termed in the stockmarket industry as "HOSTILE TAKEOVER" ....the name may be hostile but its without aggression of course.

SG did it in a legitimate way and both countries have to advocate the same way by deliberation and negotitate between govt and govt. Spreading the news to the general public would make matters worst.

mais1932

Feb 25 2007, 09:34 AM

it would be the dumbest thing to do

because when thaksin win the next election

he would sell it to temasek again

then what?

a coup

buy shin corp back

thaksin wins election

he sell shin corp to temasek

it would go like this

so, dont buy it back

tangawizi

Apr 25 2007, 01:08 PM

What is happening with Shin Corp these days? Did the Thai govt buy back the shares????

yokie

Apr 28 2007, 05:35 AM

QUOTE(tangawizi @ Apr 26 2007, 01:08 AM)

What is happening with Shin Corp these days? Did the Thai govt buy back the shares????

nah the thai government has explicitly stated they won't buy or force temasek to give back shin corp awhile ago. They are doing like they said. I can't remember reading from somewhere though that temasek has a plan to sell back shin corp to some Thai bussiness company in order to improve Thai-singapore relationship. I haven't heard of any news regarding shin corp since then.

AEROFORCE1

May 11 2007, 11:22 AM

Shin sattlelite is still the high potential business. I may sell my soul for some thousand $ and work there

tangawizi

May 14 2007, 12:33 PM

I can get you a job cuz my fren's mother was the classmate with the fugly wife of Lee Hsien Loong...

U gimme kickback ya?

AEROFORCE1

Jun 28 2007, 07:00 PM

^To work in Spore Wow

. Ha Ha I have to think twice cuz I might earn bit more ,but in the end I spend lots on the rent.

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Update on the temasek deal ,the Thai military will do whatever to buy Shin coup back cuz they love to keep all communication system which relate to the country's secret remain in the country. They just worry that Spore in the name of temasek might using the shin sattellite to take an eye on the Thai military. And they will spend our tax to buy it back.

Opps dont banned AF when I say this.They can just increse the level of their security system instead of spend those money to Spore. But I believe that the security system of our military are lame.

Temasek Spy claim iit just the business from Bangkok post

tangawizi

Jun 29 2007, 12:58 AM

hahaha... sounds like u no longer like the Thai military in charge of things in thailand now... ?? u still they are not that smart after all?

yokie

Jun 29 2007, 12:48 PM

QUOTE(tangawizi @ Jun 29 2007, 12:58 PM)

hahaha... sounds like u no longer like the Thai military in charge of things in thailand now... ?? u still they are not that smart after all?

Truthfully I don't really care who is going to rule the country as long as some justice is left within the country. Eventhough these old military guys are not as smart as Tuksin sinultra's cabinets, most of what they did were morally acceptable. Beside people I chose rarely got elected anyway.

tangawizi

Jul 2 2007, 01:39 AM

I guess u are right... a moral victory is more significant and important for a country's political health, than juz expediency..

Yokie, do u agree with Aero's view that the present Thai govt should just upgrade their security systems instead of spending money buyiing back Shin Corp?

yokie

Jul 4 2007, 11:11 AM

QUOTE(tangawizi @ Jul 2 2007, 01:39 PM)

I guess u are right... a moral victory is more significant and important for a country's political health, than juz expediency..

Yokie, do u agree with Aero's view that the present Thai govt should just upgrade their security systems instead of spending money buyiing back Shin Corp?

I agree with all the bombing and killing that is going on in the south, we definitely need to provide more money in this area. The matter of national security must come first. Don't you agree?

tangawizi

Jul 4 2007, 01:52 PM

I do agree... so why is the Thai government so dead keen on getting that asset back whatever the cost?

IMHO, Temasek Corporation is run just like any other asian tycoon family business... Thailand shouldn't lose any more tax payers' money going to private coffers!

yokie

Jul 11 2007, 03:16 PM

QUOTE(tangawizi @ Jul 5 2007, 01:52 AM)

I do agree... so why is the Thai government so dead keen on getting that asset back whatever the cost?

IMHO, Temasek Corporation is run just like any other asian tycoon family business... Thailand shouldn't lose any more tax payers' money going to private coffers!

For some reasons, it seems that you don't want temasek's ownership to be altered back to the way it was before. I wonder if it's just my imagination or singapore really have some substantial gain in this.

tangawizi

Jul 12 2007, 09:24 AM

to this day, they haven't even sacked the CEO of Temasek...

do u think whatever opinion i have on the matter is going to affect Temasek's position? they run the biz like Thaksin, a family business.. what do u think this family is going to do with the assets in Thailand? give it up so easily to the junta without attempts to manoevre, manipulate, bribe, cajole, sue etc...?

yokie

Jul 16 2007, 02:06 PM

QUOTE(tangawizi @ Jul 12 2007, 09:24 PM)

to this day, they haven't even sacked the CEO of Temasek...

do u think whatever opinion i have on the matter is going to affect Temasek's position? they run the biz like Thaksin, a family business.. what do u think this family is going to do with the assets in Thailand? give it up so easily to the junta without attempts to manoevre, manipulate, bribe, cajole, sue etc...?

Maybe, or maybe not. I would never know.

But certainly I like to know if it would be more profitable to singaporians' bussiness to have shincorp as an assets or not. Esp, the satellite, what do they plan to use it for? You already said it before that the Lee ran Temasek like their own, but regardless of how they did it, singaporian government still has the largest share in the bussiness. If temasek would have made a great profit, wouldn't be good to the people? Wouldn't that be the cause for singaporians to back them up?

tangawizi

Jul 16 2007, 03:19 PM

If I had had a say in the matter, i wouldn't have gone and bought a family-owned business like Shin Corp. Ho Ching miscalculated big time, and this is not the first time she has committed a stupendous blunder, everything she touches in business turns into crap! She's jinxed! I don't think there's any SG i know who supports Temasek as long as Ho Ching is the CEO.