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Abu Dhabi's IPIC mulls pulling out of 1MDB's debt plan

Wednesday, August 26, 2015 - 05:50
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Abu Dhabi's International Petroleum Investment Company (IPIC) could pull the plug on a plan to help restructure 1Malaysia Development Berhad (1MDB) US$3.5 billion debt, barely three months after it agreed to do so.

Singapore

AILING 1Malaysia Development Berhad (1MDB), a state-backed firm at the heart of a huge political scandal in Malaysia, is set for more financial pain amid signs that Abu Dhabi's International Petroleum Investment Company (IPIC) could pull the plug on a plan to help restructure

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