1MDB bulks up balance sheet


KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has bulked up its balance sheet for the financial year ended March 31, 2013 (FY13), with assets and liabilities growing significantly compared with the preceding year.

This is not totally unexpected, considering that the Minister of Finance Inc-owned entity has been on a buying spree of power assets over the last 18 months.

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