1MDB to defer IPO

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.

Astro AWANI LIVE http://www.astroawani.com/videos/live
Subscibe to NJOI AWANI https://www.youtube.com/njoiawani
Follow us on Website http://www.astroawani.com
Like us on Facebook https://www.facebook.com/astroawani
Follow us on Twitter https://twitter.com/501Awani
Follow us on Instagram http://instagram.com/501awani