PETALING JAYA: 1Malaysia Development Bhd (1MDB), which has drawn attention for its debts and yet-to-be-listed energy division, will not undertake any new investments or projects and raise new borrowings.
In an announcement after a strategic review of its business, the government-owned strategic fund with total liabilities of RM49bil as of March 31, 2014 said that it might sell assets including its land in Air Itam, Penang, and Pulau Indah, Selangor, and look at options on monetising the Edra Energy, which is its power generation division.
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