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1MDB to sell assets, equity in projects
Published Wed, Feb 18, 2015 · 09:50 PM
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Kuala Lumpur
MALAYSIA'S 1MDB said on Wednesday that it may sell assets, and that its real estate projects will sell land development rights and could enter into profit-sharing joint ventures, as the state fund seeks to cut down on its massive debt burden.
Announcing the completion of a strategic review that begun last month, the fund also said that it will meet maturing debt by refinancing from "best available sources" or repay i…
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