PETALING JAYA: 1Malaysia Development Board (1MDB) has taken tangible action to significantly reduce its debt and ensure long-term sustainability of its three core assets, namely the Tun Razak Exchange (TRX), Bandar Malaysia and Edra Global Energy.
This is line with the implementation of its rationalisation plan, a January 2015 strategic review that addressed the need to consolidate the company's activities, enhance corporate governance and monetise assets to reduce debt, it said in a statement on Saturday.
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