SUBSCRIBERS
Sime Darby's RM2.36b share placement oversubscribed
Published Wed, Oct 5, 2016 · 09:50 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
Hong Kong bourse regains favour on hopes of a market revival
Chinese sellers go to TikTok school to reach buyers abroad