Thai SC Asset shares fall again because of political threat

by Reuters
Thursday, 20 February 2014 03:14 GMT

BANGKOK, Feb 20 (Reuters) - Shares in Thai property developer SC Asset Corp fell 5 percent when the market opened on Thursday after anti-government protesters said they would target businesses 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 0305 GMT, SC Asset shares were down 4.3 percent at 3.10 baht after falling 5 percent earlier. The shares also lost 5 percent on Wednesday.

The broad market index was 0.5 percent lower in early trade. (Reporting by Khettiya Jittapong; Editing by Alan Raybould)