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1MDB in RM7.4b asset deal with KL-China tie-up

Sale of 60% of Bandar Malaysia seen boosting Beijing's chances of more contracts in M'sia

Kuala Lumpur

MALAYSIA'S troubled state fund 1MDB said on Thursday that it had agreed to a US$1.7 billion property deal with a Malaysian-Chinese group, wrapping up major asset sales to cut debt.

This will help Prime Minister Najib Razak, who chairs 1MDB's advisory board and who has...

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