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Malaysia says 'monetisation of investment units' part of 1MDB rationalisation

Mimi Sabreena 3:18:00 PM Informasi

KUALA LUMPUR (Nov 1): The Finance Ministry said 1Malaysia Development Bhd's (1MDB) rationalisation plan will generate cash, which will be used to repay 1MDB's long-term debt. The Malaysian government owns 1MDB.

The ministry said the rationalisation plan includes the sale of 1MDB's power assets and monetisation of fund units. The ministry said the rationalisation plan was earlier announced to the Public Accounts Committee.

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