1MDB is reported to sign a share sale and purchase agreement with China Nuclear Power Corp. – Reuters filepic, November 23, 2015.
A share sale and purchase deal between state fund 1Malaysia Development Berhad (1MDB) and China Nuclear Power Corp was listed among the items at a signing event during a joint media conference being held by Prime Minister Datuk Seri Najib Razak and Chinese Premier Li Keqiang, documents given out by Malaysian government officials showed.
Business agreements were also due to be unveiled at the event this evening, government officials said, but they later added that the 1MDB deal was not signed.
Sources told Reuters last week that 1MDB was nearing the sale of its power assets to an overseas consortium including a Chinese company, marking a key move for the embattled state fund to cut its heavy debt burden. – Reuters
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