1MDB refutes WSJ article, says acquisitions based on long-term value


PETALING JAYA: 1Malaysia Development Bhd (1MDB) has refuted a recent Wall Street Journal (WSJ) article that suggested it had overpaid for its energy assets.

It reiterated that the acquisition was made for its long-term value and not out of political considerations.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , 1MDB , assets , power , stocks , shares , klci , klse ,

Next In Business News

US approves Samsung, SK Hynix chipmaking tool shipments to China for 2026, sources say
Bursa Malaysia lower at midday on subdued sentiment
Sunview unit acquires solar plant from PNKP Reneuco for RM70mil
MAHB reinforces long-term growth with ISG modernisation
Asian stocks pulled lower by tech, gold and silver cool off
Malaysia's inflation to remain low, stable ahead - MBSB IB
Six China IPOs debut in Hong Kong after raising US$900mil to cap banner year
Ringgit continues upward momentum, opening slightly higher
Market remains subdued in penultimate trading day of 2025
Trading ideas: Velesto, Maxis, Infomina, Awantec, Willowglen, Silver Ridge, Perdana, Hume cement, Shin Yang, D&O, Powerwell, Kee Ming, Kim Loong, Crescendo

Others Also Read