Sime Darby places out shares worth up to RM2.36b

The Sun (Malaysia) - - MEDIA & MARKETING -

KUALA LUMPUR: Sime Darby Bhd launched a share plac­ing yes­ter­day worth up to RM2.36 bil­lion in what could be the coun­try’s big­gest eq­uity cap­i­tal mar­ket deal so far this year.

The sale of 316.4 mil­lion shares was priced in the RM7.40-7.45 per share range, Thom­son Reuters’ IFR re­ported.

IFR said the sale would be the sec­ond largest eq­uity mar­kets deal in South­east Asia this year af­ter Frasers Lo­gis­tics’ US$665 mil­lion (RM274.4 mil­lion) ini­tial pub­lic of­fer­ing in Sin­ga­pore.

The pric­ing range rep­re­sents a dis­count of 2.1-2.8% on Sime Darby’s clos­ing share price yes­ter­day of RM7.61, with the new is­sue in­creas­ing Sime Darby’s total num­ber of out­stand­ing shares by 5%.

Sime Darby is the world’s largest palm oil planter by land size. – Reuters

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