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| The Group’s net debt stood
at S$5.4 billion as at 31 December
2006 compared to S$4.6 billion in
2005. The higher debt was a result
of more foreign currency loan drawn-downs
to finance new overseas
investment projects. The debt-equity
ratio was 0.57 as at 31 December
2006 compared to 0.50 at end-2005. |
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