Affin: Rights issue inevitable for Sime

Different ways: Sime management reiterates that various options are being studied to lower the gross gearing of the group to what it considers to be an ideal level.

Conglomerate needs to reduce gross gearing from 58% to 40%

KUALA LUMPUR: An equity issue may be inevitable for Sime Darby if it wants to reduce its gross gearing from 58% now to an “ideal level” of 40%, said Affin Hwang Capital Research.