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1MDB may scrap energy IPO, opt for direct sale instead

Direct disposal deemed a swifter solution to overcome company's debt dilemma

Sources said that as part of the divestment plan, 1MDB may have the choice at a later date to participate in the IPO, if and when it eventually takes place under the new owners.


TROUBLED 1Malaysia Development Bhd may call off the much bandied about and long-delayed initial public offering (IPO) of its energy assets and, instead, divest the entire portfolio of 16 power and desalination plants to tackle its

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