| Recent reports of state investment body 1Malaysia Development Bhd (1MDB) suggest the business model being pioneered by this outfit could mark a new direction that may be adopted by similar sovereign bodies worldwide.
The biggest shift is the focus on value creation underpinned by commercial gain, somewhat similar to the operations of a special purpose acquisition company (SPAC) like Hibiscus Petroleum Bhd. Such a model envisions raising funds and then looking for potentially lucrative investments targets which can later be floated on the stock market for handsome gains, as noted by a recent report from Bank of America Merrill Lynch...............................................Full Article: Source
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