1MDB to sell assets, equity in projects

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 it through the sale of land development rights.