Usaha Tegas Explained

Usaha Tegas Sdn. Bhd.
Type:	Private
Foundation:	1984; 40 years ago
Location:	Kuala Lumpur, Malaysia
Key People:	Ananda Krishnan (Chairman)
Owner:	Ananda Krishnan (100%)

Usaha Tegas Sdn. Bhd. is a Malaysian investment holding company founded by billionaire Ananda Krishnan. Its principal investments include telecommunications, media, property, and oil & gas companies. Through itself or its subsidiaries, it holds significant interests in the public-listed entities Maxis Berhad, Astro Malaysia Holdings Berhad, and Bumi Armada Berhad.

The company was founded in 1984 by Ananda and is headquartered in Kuala Lumpur.^[1]

Notable investments

Usaha Tegas' investments includes significant shareholdings in various industries.

• Maxis Berhad
• Astro Malaysia Holdings Berhad
  • MEASAT Broadcast Network Systems Sdn. Bhd.^[2]
  • Astro Overseas Limited
• Tanjong PLC^[3]
  • TGV Cinemas Sdn. Bhd.
• Bumi Armada Berhad
• Pexco NV^[4]
• MEASAT Satellite Systems Sdn. Bhd.
• Sri Lanka Telecom PLC

References

• News: Usaha Tegas Group: Impacting lives . Cindy . Yeap . 26 August 2011 . . 4 March 2013.

Notes and References

1. Web site: Company Overview of Usaha Tegas Sdn. Bhd. . https://web.archive.org/web/20120802043611/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=849103 . dead . 2 August 2012 . . 4 March 2013.
2. News: Astro Malaysia to take one-third of IPO proceeds . Cindy . Yeap . 23 August 2012 . . 4 March 2013.
3. News: Usaha Tegas to take Tanjong private for RM4.7b . . 30 July 2010 . 4 March 2013.
4. News: Ng . Fintan . 30 July 2012 . What's M'sian billionaire Ananda Krishnan really up to? . . 4 March 2013.