Sime Darby raises $570 million by privately placing shares

October 5, 2016 20:29 JST | ASEAN

KUALA LUMPUR (NewsRise) - Sime Darby, the world's largest palm oil producer by acreage, said Wednesday it has raised 2.36 billion ringgit ($570 million) in what would be the largest primary share placement in Southeast Asia in almost three years.