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Sovereign Wealth Funds Briefing - Categorized | Financials, Trends

China’s Clout in Malaysia Set to Grow After 1MDB Deal

Posted on 25 November 2015

China’s $2.3 billion deal to buy power assets from a debt-ridden Malaysian government-investment fund could give Beijing greater sway in the Southeast Asia nation and pave the way for Chinese companies to win a string of coveted infrastructure deals.
State-owned China General Nuclear Power Corp. agreed to pay 9.83 billion Malaysian ringgit ($2.3 billion) in cash and take on an unspecified amount of debt for a group of power plants from 1Malaysia Development Bhd., or 1MDB………………………………………..Full Article: Source


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