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1MDB gets 2nd payment reprieve but must cough up US$310m in 5 days

Its chairman says that redemption of funds would "take time, which we didn't foresee"

Kuala Lumpur

MALAYSIA'S 1MDB has been given a second time extension until Aug 31 on a US$629 million payment to Abu Dhabi's International Petroleum Investment Corporation (IPIC) but must hand over not less than US$310 million by Aug 12, or in five days.

Default interest on the

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