KUALA LUMPUR: A power plant tender that sovereign wealth fund 1Malaysia Development Bhd (1MDB) is keen to win before a US$2bil (RM6.69bil) initial public offering (IPO) of its power assets has been delayed after bids came in too close to call, Government sources said.
1MDB has begun the process of choosing underwriters for what is likely to be one of South-East Asia’s largest IPOs of the year.
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