Listing of Edra Global still possible

KUALA LUMPUR: Despite encountering setbacks, the listing of 1Malaysia Development Bhd’s (1MDB) power arm, Edra Global Energy Bhd, is still possible as long as the company meets the criteria to float its shares, the Securities Commission (SC) said.

“Our position on this is very clear … any issuer that meets the criteria and fulfils the conditions of listing will be allowed access to the capital market,” SC chairman Datuk Ranjit Ajit Singh said.