Sime Darby's RM2.36b share placement oversubscribed
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Kuala Lumpur
MALAYSIAN palm oil firm Sime Darby Bhd said on Wednesday its share placement to raise RM2.36 billion (S$780 million) was oversubscribed due to strong demand from institutional investors.
The sale is the second largest equity markets deal in South-east Asia this year after Frasers Logistics' US$665 million initial public offering in Singapore.
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