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From Times Staff and Wire Reports
Firm That Is Under Investigation Is Reshufflng: Allied Group, the investment concern at the center of a government investigation, is altering its board to include more independent non-executive directors. It said there will be similar changes on the boards of its subsidiaries, Allied Properties (H.K.), Allied Industries International and Santai Manufacturing. One of the investigation’s main focuses is the companies’ dealings in each others’ shares and in the shares of Allied Industries, Santai and three other concerns.
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