Report: Divestment of assets to Chinese firms helped 1MDB raise funds to settle debt

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Published Dec 28, 2017

Divestment of 1MDB assets to companies from China helped raised funds to repay a US$602.7 million debt to Abu Dhabi's International Petroleum Investment Company (IPIC) by year-end, according to Singapore's Straits Times.
The report, citing sources, said 1MDB sold financial instruments and stakes by two 1MDB-related entities which held land in northern Penang and around Port Klang.

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Report: Divestment of assets to Chinese firms helped 1MDB raise funds to settle debt

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