Temasek's stake sale comes just over a month after the Puea Thai Party led by Yingluck Shinawatra, the sister of self-exiled Thaksin, won a general election in a landslide. She became the prime minister this month.
The sale of Shin Corp's controlling stake by Thaksin's family in 2006 triggered the events that led to his overthrow by the military in September that year.
The news of Cedar stake sale sent Shin Corp shares down more than 6 percent as investors worried that Temasek may sell more Shin shares at a discount. At 0509 GMT, the shares were at 38.25 baht, down 4.4 percent.
The 36 baht offer price is a 10 percent discount to Shin's Wednesday close of 40 baht.
It is also a significant discount from the 49.25 baht a share that Temasek-linked units paid in 2006 to purchase a controlling stake in Shin Corp from the family of Thaksin Shinawatra.
via
UPDATE 1-Singapore's Temasek unit selling 8 pct in Thai Shin Corp | Reuters.