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1MDB seen walking away from hard-fought project

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Anita Gabriel

Anita Gabriel

Published Fri, Feb 6, 2015 · 09:50 PM

    Singapore

    IN yet another sign of spiralling financial distress, 1Malaysia Development Bhd (1MDB) is set to pull out of the multi-billion-ringgit coal-fired power project in Malaysia that it had fought hard to win in June last year.

    The Business Times understands that debt-heavy 1MDB is facing difficulty funding its equity portion of some RM2 billion (S$764 million) for the RM11.1 billion Project 3B.

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