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Market poised for a Shin, AIS deal.

Bangkok Post (Bangkok, Thailand)

| January 10, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nuntawun P.K. Tortermvasana

Jan. 10--Investors and analysts alike will be closely watching to see whether a deal regarding the Shinawatra family's massive stock holdings will finally materialise following weeks of market speculation over a foreign takeover of Shin Corp and Advanced Info Service.

Despite steady denials of any shareholding change from Shin Corp and AIS, analysts and investment bankers have continued to talk about a possible sale of the two companies to an overseas buyer.

Shares of Shin Corp, which holds 43 percent of mobile leader AIS, have risen nearly 15 percent over the past month due to speculation that the Shinawatra and Damapong families planned to divest their 49 percent stake in the holding company.

In addition to AIS, Shin also holds stakes in Shin Satellite, the budget carrier Thai Air Asia and the consumer finance firm Capital OK.

Prime Minister Thaksin Shinawatra, who founded Shin 22 years ago, is reportedly ...

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