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

Oil gains as investors weigh Middle East tensions
BOJ debated need for more rate hikes even after December move, summary shows
Asian stocks rise, precious metals hit records on Fed rate cut bets
Ringgit opens higher for 12th consecutive session
Bursa Malaysia remains subdued amid year-end mood
Trading ideas: PetGas, Gas Malaysia, SD Guthrie, TRC, Nationgate, Resintech, Tanco, UOA REIT, Ekovest
Unlocking billion-dollar potential for coconuts
The long game behind Malaysia’s 5G network
Auto sector outlook brightens amid stronger 4Q momentum
Building momentum across sectors

Others Also Read