Thai PM: Gov't ready for probe on deal to buy back Thaicom from Temasek

13:21, June 17, 2010      

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Thailand's government is ready for investigation by concerned organizations on a deal to buy back Thaicom satellite from Singapore's Temasek Holdings, Thai Prime Minister Abhisit Vejjajiva said Wednesday, the Thai News Agency ( TNA) reported.

There is no manipulation on stocks' trading of Thaicom Public Company Limited in the Stock Exchange of Thailand (SET) market, Abhisit said.

On June 14, Thaicom's share price skyrocketed 30 percent amid rumors that some politicians benefited from the share price's sharp rises.

Hence, Abhisit asked securities authorities to probe the share prices' movements, the Nation online reported.

Stock Exchange of Thailand (SET) President Charamporn Jotikasthira said the SET has monitored the situation, but by now there is no conclusion yet on who violated the law.

However, the SET has a list of some investors, which could not yet be revealed, Charamporn said.

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