1MDB to defer IPO
- 6 years ago
According to a report by the Wall Street Journal (WSJ) government backed 1Malaysia Development Berhad (1MDB) is likely to defer an Initial Public Offering (IPO) of its power assets to the first quarter of 2015.
One of the reasons for the delay for the IPO which would raise over 3 billion dollars or 9.57 billion ringgit is that 1MDB was still negotiating the terms of a loan it was seeking from its banks.
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One of the reasons for the delay for the IPO which would raise over 3 billion dollars or 9.57 billion ringgit is that 1MDB was still negotiating the terms of a loan it was seeking from its banks.
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