Temasek sells out of Thai hospital; on the sly?
This week, a letter to the Stock Exchange of Thailand revealed that a 12.6% stake in Bumrungrad Hospital had been sold mid-January by several investors, one of which included Singaporean sovereign wealth fund, Temasek Holdings. Interestingly, the letter seemed to indicate that the hospital had not been notified prior to the sale, and that two of the sellers had yet to be identified as of the 17th of January.
Director of Bumrungrad Hospital, Dhanit Dheandhanoo, said that the group had been told by Temasek that the SWF sold nearly 42.7 million shares for THB29.25 ($0.95) per share, or a total of THB1.25 billion...
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