The deal, Southeast Asia's largest block trade in 2019, sent Intouch shares down nearly 6% on Thursday in Bangkok trading. Intouch shares, however, gained 27% year-to-date against a benchmark rise of 3.55%; stock was priced at 60.75 baht on Thursday at a pre-close of 64.5 baht.
(Aug 15): Units of Singapore's sovereign fund Temasek – Aspen Holdings and Anderton Investments – launched an overnight block trade on Wednesday for 15.6 billion baht ($701 million) or 8.02% of its stakes in Thai telco company Intouch Holdings, according to a term sheet.
Intouch owns stakes in Thailand's largest mobile phone network Advanced Info Service (AIS) and satellite operator Thaicom.
