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1MDB to submit IPO plan for energy unit

It is seeking to raise as much as US$3 billion from domestic share sale: sources

Kuala Lumpur

1Malaysia Development Bhd, set up by the government five years ago to build infrastructure, is preparing to submit an initial public offering application for its Edra Energy Bhd unit by May, people familiar with the matter said on Friday.

1MDB plans to raise as much as