31.10.2016 - ‘New debt crisis’ looms at 1MDB-linked SRC
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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