| 1Malaysia Development Bhd (1MDB) will likely defer listing its power assets to the first quarter of 2015. According to the report, one of the reasons for the delay was that 1MDB was still negotiating the terms of a loan it is seeking from banks.
The initial public offering (IPO), which would raise over US$3bil (RM9.57bil), was expected to be the largest IPO in South-East Asia this year. The WSJ reported that 1MDB had yet to apply for listing approval from securities regulators, including the stock exchange...............................................Full Article: Source
|