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Clifford Chance Advises on Sime Darby’s US$571 Million Share Placement

7 October 2016

Clifford Chance Advises on Sime Darby’s US$571 Million Share Placement

Leading international law firm Clifford Chance has advised Maybank Investment Bank Berhad, on Sime Darby Berhad’s US$571 million placement of 316.3 million shares in the largest share placement and equity capital market deal of the year in Malaysia outside of rights offers, and the second largest for 2016 in South East Asia.

The team was led by capital markets partner Raymond Tong, who was supported by senior associates Chong Ying Chiang and Jonathan Crandall.

Raymond said, "We are delighted to assist Sime Darby on its share placement exercise. There is strong demand and growth for companies in the South East Asian region and I’m very proud of the excellent work from our team. We look forward to continuing to advise on other exciting capital market deals in the market."

Sime Darby is the world’s biggest producer of certified sustainable palm oil, and has presence in 26 countries worldwide.