Jardine Matheson

JMH, JC&C and Hongkong Land all saw gains in early trade on Friday

Board declares interim dividend of US$0.65 per share; full-year dividend targeted to grow 5% to US$2.47 apiece

Christopher Ganis will assume the new role on Jul 1

They see JMH’s goals as ‘achievable minimum yardsticks’ that reinforce the group’s strategic transformation story

It is also eyeing annualised total shareholder return of at least 9% over the next five years

For investors, a flood of rumours over the sale of assets – including properties, fast-food chains and car dealerships – can be disconcerting

The company and its subsidiaries are shedding capital-intensive assets across sectors

Across the broader market, losers beat gainers 322 to 257, after 1.9 billion securities change hands

Deal will be funded through existing cash and debt