Thai SC Asset shares fall 4 pct on political threat

by Reuters
Wednesday, 19 February 2014 08:14 GMT

BANGKOK, Feb 19 (Reuters) - Shares in Thai property developer SC Asset Corp fell more than 4 percent to a six-day low on Wednesday after the leader of anti-government protesters in Bangkok said they would target assets linked to the family of Prime Minister Yingluck Shinawatra.

Yingluck was executive chairwoman of SC Asset before running for office in a general election in 2011, which her party won. The Shinawatra family owns about 60 percent of SC Asset, according to the company's website.

At 0800 GMT, SC Asset shares were down 3.6 percent at 3.24 baht after falling as low as 3.18 baht. The broad index was 0.36 percent lower. (Reporting by Khettiya Jittapong; Editing by Alan Raybould)

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