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The View From Back Then

Here's something interesting I dug out of the FT today.

Malaysian businessman Ananda Krishnan may have made money from the sale of his holding in the ExCel conference centre at the right time but may be less lucky with his gamble on stricken Johnston Press.

He bought a 20% stake in the regional paper group through his vehicle Usaha Tegas for £43m last year. One of Malaysia's richest men, Mr Krishnan is said to be an Anglophile, but may harbour cooler feelings after the bad news from Johnston boss John Fry drove the shares down to 5.62p, off 95% from a year ago.

Too bad.

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