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Sovereign Wealth Funds Briefing - Categorized | Investment

HK Firm In Talks On 1MDB Energy Assets

Posted on 01 October 2015

Hong Kong-listed CGN Meiya Power Holdings Co Ltd confirmed that it had been involved in talks to acquire 1Malaysia Development Bhd’s (1MDB) energy assets. However, no binding or definitive acquisition documentation had been entered into, Meiya announced in a recent filing to the Hong Kong Stock Exchange.
“It is CGN Meiya’s strategy to actively search and stay alert for high-quality projects that are in line with the company’s long-term development,” a CGN Meiya representative told The Malaysian Reserve (TMR) via email yesterday. On whether CGN Meiya has been shortlisted as a bidder for 1MDB’s energy assets, the company declined to comment………………………………………..Full Article: Source


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