PETALING JAYA: The initial public offering (IPO) application of Edra Energy Bhd, 1Malaysia Development Bhd’s (1MDB) power arm, has been overtaken by events and it will have to re-submit an application to the Securities Commission (SC) if plans for an IPO are still on the cards, sources say.
According to sources, Edra Energy’s IPO documents would be returned to its adviser as 1MDB had submitted its IPO application to the SC over three months ago.
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