Sime Darby cuts debt with $571m follow-on

The Malaysian company continued an aggressive deleveraging drive with a bumper share sale.
Sime Darby is the world's largest palm oil producer.
Sime Darby is the world's largest palm oil producer.
October 05, 2016

Malaysian conglomerate Sime Darby raised RM2.36 billion ($571 million) from an after-market share placement on Tuesday, taking another step to deleverage its debt-laden balance sheet.

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