| Sovereign wealth fund 1Malaysia Development Bhd (1MDB) plans to raise about $1 billion through a public listing of its power assets in Malaysia next year, according to Dow Jones Newswires. Sovereign wealth fund 1Malaysia Development Bhd (1MDB) plans to raise about $1 billion through a public listing of its power assets in Malaysia next year, according to Dow Jones Newswires.
The proposed initial public offering is the latest in a string of announced or rumoured listings that could return Malaysia to the ranks of top regional IPO markets. The funds raised through the share sale will help pay off some of the debts of the Malaysian investment company, Dow Jones said in its report, quoting people familiar with the plans...............................................Full Article: Source
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