BANGKOK (Reuters) - Units of Singapore's sovereign fund Temasek - Aspen Holdings and Anderton Investments - launched an overnight block trade on Wednesday for 15.6 billion baht ($505.67 million) or 8.02% of its stakes in Thai telco company Intouch Holdings Pcl INTUCH.BK, according to a term sheet.
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% .SETI; stock was priced at 60.75 baht on Thursday at a pre-close of 64.5 baht.
Intouch did not immediately respond to a Reuters request for comment.
Former Prime Minister Thaksin Shinawatra sold InTouch, then known as Shin Corp, to Temasek in 2006, setting off public criticism that led to his ousting in a coup.
Singapore Telecommunications Ltd STEL.SI currently owns 21% of InTouch.
Credit Suisse was one of the book-runners.
($1 = 30.8500 baht)
Reporting by Anshuman Daga in Singapore and Chayut Setboonsarng in Bangkok, Editing by Sherry Jacob-Phillips
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