What really stirred upset was Thaksin's selling his family-linked telecom-tech Shin Corp. to the Singapore government-linked Temasek Holdings.
In 2010 it sold preferred shares to a unit of Singapore's Temasek Holdings Ltd. and Hopu Investment Management Co.
SINGAPORE Mapletree Greater China Commercial Trust, backed by Singaporean state-investment firm Temasek Holdings Pte.
Property developer Mapletree Investments, owned by Singapore state investment company Temasek Holdings Pte.
But the deal, in which DBS would buy a controlling stake from Singapore state investment firm Temasek Holdings, faces significant regulatory hurdles.
Even more riling for Thailand's more nationalistic citizens is that the telecommunications giant was sold to Temasek Holdings , the state-owned investment arm of Singapore.
Denmark's Moeller-Maersk, Singapore government investment agency Temasek Holdings and Li Ka-Shing's Hutchison Whampoa were also rumored to be potential bidders for the ferries group.
Even worse, he amended Thai law in order to legalize his family's sale of its 49% stake in the telecom technology company Shin Corp. (often referred to by Thais as the "crown jewel") to Singapore's Temasek Holdings.
Media reports from Singapore now say that members of Thaksin's family are saying they made a mistake in a filing to Thai stock regulators prior to their sale of their entire holding in Shin Corp to Temasek Holdings , the investment arm of the Singaporean government.
Phantongtae Shinawatra was accused of failing to fully disclose transactions related to his Shin holdings before Singapore's Temasek Holdings --an investment fund managed by Ho Ching--the wife of that country's Prime Minister Lee Hsien Loong , bought the controlling stake in the telecom firm in January.
The feeling is perhaps mutual for Ho Ching--her latest investment also underline's Temasek's view to increase its holdings outside the perimeter of the 263-square-mile island that is Singapore.
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