12-08-2014, 11:21 AM
Using S$780 mil of cash, FCL's net gearing is at 50%. Assuming fully debt funded, net gearing will rise to about 109%.
Much of the equity is also tightly held by the Thai principal. To improve both elements, will an equity raising exercise be undertaken?
Much of the equity is also tightly held by the Thai principal. To improve both elements, will an equity raising exercise be undertaken?