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China to help 1MDB settle multibillion-dollar legal dispute with Abu Dhabi

Wednesday, December 7, 2016 - 11:54

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Malaysia's state investment fund 1MDB is preparing to make a repayment with Chinese assistance to Abu Dhabi's state-owned fund as it seeks to settle a US$6.5 billion (S$9.25 billion) dispute over an alleged breach of contract, the Financial Times reported on Wednesday (Dec 7) .

[LONDON] Malaysia's state investment fund 1MDB is preparing to make a repayment with Chinese assistance to Abu Dhabi's state-owned fund as it seeks to settle a US$6.5 billion (S$9.25 billion) dispute over an alleged breach of contract, the Financial Times reported on Wednesday (Dec 7) .

The move to begin repaying what 1MDB owes was confirmed by two people familiar with the matter, FT said, and marks a step forward in efforts to resolve the financial position of the heavily indebted state fund.

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