Thaicom Plc saw the continued increase in its share price to Bt7.20 today on turnover of Bt1.3 billion.
The share gained Bt0.15 today or 2.13 per cent, following the 29 per cent increase on Monday.
While Thaicom and Shin Corp stated that they have not yet been approached by the government for the proposed buyback, the Stock Exchange of Thailand urged all shareholders to be thoroughly in the investment given the scratchy details.
Finance Minister Korn Chatikavanij admitted that the Thai government proposed to buy the satellite business of Thaicom from Temasek Holdings. He noted that Temasek gave a positive response to the proposal.
"I met Temasek a month ago, but it had never been in the news. But when it appeared in the news, the share price went up. This is helpless. The media is doing their job, but this is not leading to a good result. Certainly, this will affec the decision to buy," he said.