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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

‘New debt crisis’ looms at 1MDB-linked SRC

Posted on 31 October 2016

Government-owned investment company might sell off assets to China firms in return for fresh capital, according to Singapore report. A looming debt crisis hangs over former 1MDB subsidiary SRC International, which borrowed RM4 billion from a civil servants’ pension fund, according to a Singapore news report.
Malaysian government negotiators were seeking a China-led takeover of SRC assets in return for fresh capital that will help finance the 10-year loan from Kumpulan Wang Persaraan (KWAP), according to the Singapore Straits Times……………………………………..Full Article: Source


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