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Investors see Tanjong as safe bet

TANJONG plc has been consistently ranked among the best-managed companies with the highest corporate governance standards in Asia by various investment research houses and fund managers.

Guthrie’s diversification pays off

PLANTATION giant Kumpulan Guthrie Bhd has been rewarding its shareholders with reasonable dividends despite being saddled with underlying issues pertaining to the stability of its investments in the 215,000ha Minamas plantations in Indonesia and huge borrowings of about RM2.7bil.

News in brief

News in brief on Guiness Anchor, Antah Holdings and other firms.

Keegan finally has his dream pairing of Fowler and Anelka

England striker Robbie Fowler trained with his new Manchester City teammates after completing a £6 million move from Premier League rivals Leeds United.

Vialli sues Watford over sacking

Gianluca Vialli has launched legal proceedings against English First Division Watford who sacked the Italian as their manager after just one season last June.

US tycoon buys 2.9% stake in Man United

US sports tycoon Malcolm Glazer has quietly bought 2.9% of Manchester United, raising speculation that the English football club could fall into US hands, the I>Sunday Telegraph /I>said.

TH Group moves away from old economy

TH GROUP Bhd managing director Lei Lin Thai may not speak the language of technology and life sciences, but he certainly has the foresight to recognise an industry that might be hailed as the next big thing.

Guthrie gets set to reap

THE estate life is not quite Tan Sri Abdul Khalid Ibrahim's cup of tea. He admires the planters' I>esprit de corps/Iand marvels at how well they have settled in at the estates, but he admits that he is not suited for such a lifestyle. The Kumpulan Guthrie Bhd's group chief executive officer recalls a typical visit: #8220;After two nights, the I>burung hantu/I(owl) was already getting on my nerves.#8221;

RSA hopes to raise A$2b from Australasian float

London-based Royal Sun Alliance (RSA) plc is hoping to raise up to A$2.1bil from a float of its Australasian units, braving tumbling stock markets to launch Australia#8217;s biggest initial public offering (IPO) in five years.

London share prices close lower Thursday

The Financial Times-Stock Exchange 100-share index closed down 67.5 points, or 1.7 percent, at 3,899.0.