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.

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.

¬ Haymarket Media Limited. All rights reserved.

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