PETALING JAYA: Government-owned strategic fund 1Malaysia Development Bhd (1MDB) has shed light on its highly-debated RM2bil loan taken by its subsidiary and asserted that it will resubmit its application to list its power arm.
In a short statement issued yesterday, 1MDB implied that the RM2bil loan was an advance to its subsidiary, Powertek Investment Holdings Sdn Bhd.
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