KUMPULAN Guthrie Bhd’s huge borrowings may put off investors, but nobody can accuse the plantation group of doing nothing to lighten its debt burden. Last Friday, it announced that a subsidiary company would sell some development land in Klang for RM169 million cash.
This is Guthrie’s third land sale in 15 months and the latest in a series of asset disposals to pare down its IOUs and to focus better on its businesses.
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