Intouch Holdings

The sale of Shinawatra family's stake in Shin Corporation to Singapore's Temasek Holdings in 2006 sparked controversy, which intensified the anti-Thaksin movement.

Shin Corporation rebranded itself to Intouch in 2011, including its new stock symbol, but did not officially change its registered name until March 2014.

[1] On 23 January 2006, the Shinawatra family sold its 49.6 percent stake in the company to nominees of Temasek Holdings, the Singapore government's investment arm, for US$1.88 billion.

Critics of the sale focused on allegations directed toward Thaksin and a compliant government that the transaction was exempt from capital gains tax, the fact that the Thai company was sold to a Singaporean company, and the fact that the Thai law regarding foreign investments in the telecom sector had been amended just prior to the sale.

It also holds stakes in Thai AirAsia, a consumer finance company, and ITV, a local television station.

[2] On 5 August 2021 Gulf Energy Development has made a conditional voluntary tender offer of Intouch Holdings or INTUCH at a price of 65 baht per share.

It was founded in 1991 after it was granted a license from Thailand's Ministry of Transport and Communications permitting it to launch and operate satellites.

Shin Corporation sued for libel in criminal court and sought 400 million baht in compensation in a civil lawsuit.

After the Thaksin family sold its shares in Shin Corp to Singapore's Temasek Holdings, the company offered to drop the lawsuit on the condition that Supinya apologise for her comments.