| Sovereign wealth fund 1Malaysia Development Bhd’s (1MDB) plan to raise some US$3 billion (RM9.6 billion) from the listing of its power generation assets exercise is “quite ambitious” and will help 1MDB to unlock the value of its power assets, says MIDF Amanah Investment Bank Bhd.
Its head of equity research Syed Muhammed Kifni said the listing exercise will allow access to the capital market and may help the group’s quest for more power assets and concessions in view of the nation’s growing power demand............................................Full Article: Source
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