You are here

1MDB listing energy assets in US$3b IPO

Kuala Lumpur

MALAYSIAN state investor 1 Malaysia Development Bhd (1MDB) took a big step towards a planned US$3 billion initial public offering (IPO) for its power plant assets, filing a long-awaited application for a flotation that will reduce its huge debt burden, sources said.

...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes