(TNJ.L) Tanjong PLC Buy/Sell

RNS Number : 7703C Tanjong PLC 19 November 2009

Type : General Announcement

Subject: TANJONG PUBLIC LIMITED COMPANY ("Tanjong" or "the Company")

By Julie Goh

KUALA LUMPUR, Nov 19 (Reuters) - Tatparanandam Ananda Krishnan keeps out of the media glare, but that hasn't stopped the reclusive billionaire from making bold bets.
Two years after he took Malaysia's top telecoms firm private and enraged shareholders, Ananda is winning them back with a $3.3 billion IPO of his flagship firm in Southeast Asia's biggest ever offering.
Ranked by Forbes magazine as Southeast Asia's richest man with $7 billion in assets, the 71-year-old is viewed as someone who holds the remote control for a business empire that spans telecoms, gaming, property, oil exploration and pay-TV.
The shrewd tycoon, however, doesn't hold any executive positions in the four main Malaysian firms he controls and is credited with building a strong leadership team.
"I suppose in some ways he provides some inspiration, but the mark of a leader is someone who makes sure the company can run without him," said Peter Elston, a Singapore-based strategist at Aberdeen Asset Management in Singapore.
"I met the company a few weeks ago when they were doing their roadshow and I met seven executives from the group - Ananda was not among them," said Elston.
Ananda, known as TAK within his inner circle, graduated from Harvard and made his first millions as an oil trader, leveraging on friendships made during his business school days.
Born to a Sri Lankan Tamil civil servant, Ananda keeps a low profile and little is known about his private life.
He hit the headlines in the mid-1980s when he financed the Live Aid concert organized by anti-poverty activist and rock celebrity Bob Geldof.
Ananda is said to leave the execution of his business strategies to trusted aides, Ralph Marshall and Chan Chee Beng. Both are directors of the privately-held Usaha Tegas, Ananda's investment vehicle.
"He's a humble man, but is tough during negotiations. He generally leaves the slaying to Ralph," said a person with knowledge of the billionaire, referring to Marshall. The person asked not to be named because of the sensitivity of the issue.
An avid collector of modern art, Ananda lives mostly in the south of France with his wife and young daughter, visiting Kuala Lumpur occasionally.
Media reports say the tycoon's two children from a first marriage are not keen in his business empire. A son is a monk and a daughter lives in Britain.
Ananda's flagship telecoms company Maxis, Malaysia's biggest mobile operator, listed on Thursday after it was privatised in 2007.
Maxis brought in Wall Street banks Goldman Sachs, JP Morgan and others for the IPO. Malaysia's top deal maker, CIMB Group, which had advised Maxis during its 2002 listing and its privatisation, is also on the list.
CIMB's CEO Nazir Razak, younger brother of Malaysia's Prime Minister Najib, is the main banker in all three deals.

Ananda's privatisation of Maxis angered investors who had accepted 15.60 ringgit ($4.64) a share. Ananda soon sold a 25 percent stake to Saudi Telecom at 16.40 ringgit apiece.
"It's a masterstroke, he forked out money to privatise and then made more selling it to the Arabs," said the person with knowledge of the billionaire.
The re-listing of Maxis comes after the prime minister called for firms to list in a bid to boost Malaysia's sluggish and illiquid stock market.
Ananda obliged, but this time he is listing only the Malaysian operations, leaving the fast-growing Indian and Indonesian businesses with the parent Maxis Communications Bhd.
Ananda was said to have played a key role in restructuring Malaysia's oil and gas sector, culminating in the setting up of national oil company Petroliam Nasional Bhd (Petronas).
Ananda, who was closely linked to former Prime Minister Mahathir Mohamad, had sold the idea of building Malaysia's iconic 88-storey Petronas Twin Towers to Mahathir in the early 1990s. One of his companies now co-owns the building.
Usaha Tegas has significant interests in Malaysian gaming firm Tanjong Plc, power producer Powertek and pay-TV operator Astro All Asia Networks Plc. It also controls Singapore property developer Overseas Union Enterprise Ltd and Hong Kong trader Arnhold Holdings Ltd.
Last year, Ananda bailed out British regional newspaper chain Johnston Press and he has since expanded his stake in India's booming radio network business.

(Additional reporting by Saeed Azhar in SINGAPORE; Editing by Anshuman Daga)

($1=3.362 Malaysian Ringgit)

((julie.goh@thomsonreuters.com; +603 2333 8036; Reuters Messaging: julie.goh.reuters.com@reuters.net)) Keywords: MAXIS ANANDA/ . Keywords: MAXIS ANANDA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

By Julie Goh

KUALA LUMPUR, Nov 19 (Reuters) - Tatparanandam Ananda Krishnan keeps out of the media glare, but that hasn't stopped the reclusive billionaire from making bold bets.
Two years after he took Malaysia's top telecoms firm private and enraged shareholders, Ananda is winning them back with a $3.3 billion IPO of his flagship firm in Southeast Asia's biggest ever offering.
Ranked by Forbes magazine as Southeast Asia's richest man with $7 billion in assets, the 71-year-old is viewed as someone who holds the remote control for a business empire that spans telecoms, gaming, property, oil exploration and pay-TV.
The shrewd tycoon, however, doesn't hold any executive positions in the four main Malaysian firms he controls and is credited with building a strong leadership team.
"I suppose in some ways he provides some inspiration, but the mark of a leader is someone who makes sure the company can run without him," said Peter Elston, a Singapore-based strategist at Aberdeen Asset Management in Singapore.
"I met the company a few weeks ago when they were doing their roadshow and I met seven executives from the group - Ananda was not among them," said Elston.
Ananda, known as TAK within his inner circle, graduated from Harvard and made his first millions as an oil trader, leveraging on friendships made during his business school days.
Born to a Sri Lankan Tamil civil servant, Ananda keeps a low profile and little is known about his private life.
He hit the headlines in the mid-1980s when he financed the Live Aid concert organized by anti-poverty activist and rock celebrity Bob Geldof.
Ananda is said to leave the execution of his business strategies to trusted aides, Ralph Marshall and Chan Chee Beng. Both are directors of the privately-held Usaha Tegas, Ananda's investment vehicle.
"He's a humble man, but is tough during negotiations. He generally leaves the slaying to Ralph," said a person with knowledge of the billionaire, referring to Marshall. The person asked not to be named because of the sensitivity of the issue.
An avid collector of modern art, Ananda lives mostly in the south of France with his wife and young daughter, visiting Kuala Lumpur occasionally.
Media reports say the tycoon's two children from a first marriage are not keen in his business empire. A son is a monk and a daughter lives in Britain.
Ananda's flagship telecoms company Maxis, Malaysia's biggest mobile operator, listed on Thursday after it was privatised in 2007.
Maxis brought in Wall Street banks Goldman Sachs, JP Morgan and others for the IPO. Malaysia's top deal maker, CIMB Group, which had advised Maxis during its 2002 listing and its privatisation, is also on the list.
CIMB's CEO Nazir Razak, younger brother of Malaysia's Prime Minister Najib, is the main banker in all three deals.

Ananda's privatisation of Maxis angered investors who had accepted 15.60 ringgit ($4.64) a share. Ananda soon sold a 25 percent stake to Saudi Telecom at 16.40 ringgit apiece.
"It's a masterstroke, he forked out money to privatise and then made more selling it to the Arabs," said the person with knowledge of the billionaire.
The re-listing of Maxis comes after the prime minister called for firms to list in a bid to boost Malaysia's sluggish and illiquid stock market.
Ananda obliged, but this time he is listing only the Malaysian operations, leaving the fast-growing Indian and Indonesian businesses with the parent Maxis Communications Bhd.
Ananda was said to have played a key role in restructuring Malaysia's oil and gas sector, culminating in the setting up of national oil company Petroliam Nasional Bhd (Petronas).
Ananda, who was closely linked to former Prime Minister Mahathir Mohamad, had sold the idea of building Malaysia's iconic 88-storey Petronas Twin Towers to Mahathir in the early 1990s. One of his companies now co-owns the building.
Usaha Tegas has significant interests in Malaysian gaming firm Tanjong Plc, power producer Powertek and pay-TV operator Astro All Asia Networks Plc. It also controls Singapore property developer Overseas Union Enterprise Ltd and Hong Kong trader Arnhold Holdings Ltd.
Last year, Ananda bailed out British regional newspaper chain Johnston Press and he has since expanded his stake in India's booming radio network business.

(Additional reporting by Saeed Azhar in SINGAPORE; Editing by Anshuman Daga)

($1=3.362 Malaysian Ringgit)

((julie.goh@thomsonreuters.com; +603 2333 8036; Reuters Messaging: julie.goh.reuters.com@reuters.net)) Keywords: MAXIS ANANDA/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

RNS Number : 9637Z
  Tanjong PLC
  30 September 2009
   

Announcement Body Information:

 Entitlement date                :   23/10/2009

 Entitlement time                :   05:00:00 PM (local
                                     time)
 Entitlement subject             :   Second Interim
                                     Dividend
 Entitlement description         :   A second interim
                                     gross dividend of
                                     17.5 sen per share
                                     less Malaysian
                                     Income Tax at 25%
                                     ("Second Interim
                                     Dividend")

 Financial Year End              :   31/01/2010

 Share transfer book & register  :   24/10/2009 to
 of members will be closed from      26/10/2009
 (both dates inclusive) for the
 purpose of determining the
 entitlements

 Registrar's name, address,      :   Principal
 telephone no                        Registrars:-
                                     The Registry
                                     34 Beckenham Road
                                     Beckenham, Kent BR3
                                     4TU
                                     England
                                     Tel No. 020 863
                                     93399

                                     Branch Registrars:-
                                     Symphony Share
                                     Registrars Sdn. Bhd.
                                     Level 26, Menara
                                     Multi-Purpose
                                     Capital Square
                                     No. 8 Jalan Munshi
                                     Abdullah
                                     50100 Kuala Lumpur
                                     Tel No. 603-2721
                                     2222

 Payment date                    :   05/11/2009

 A depositor shall qualify for
 the entitlement only in
 respect of :

 a) Securities transferred into  :   23/10/2009
 the Depositor's Securities
 Account before 4:00 pm
 (Malaysian time) in respect of
 transfers

 b) Securities deposited into    :   21/10/2009
 the Depositor's Securities
 Account before 12:30 pm
 (Malaysian time) in respect of
 securities exempted from
 mandatory deposit

 c) Securities bought on the     :
 Exchange on a cum entitlement
 basis according to the rules
 of the Exchange.

 Entitlement indicator           :   Currency

 Currency                        :   Malaysian Ringgit
                                     (MYR)

 Entitlement in currency         :   0.175
 Remarks                         :   The Entitlement time
                                     of 5:00 p.m. stated
                                     above refers to
                                     local time in
                                     Malaysia and in the
                                     United Kingdom.

                                     The times of 4:00
                                     p.m and 12:30 p.m.
                                     as stated above
                                     refer to Malaysian
                                     time.

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
DIVILFFLATIIVIA