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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