PETALING JAYA: 1Malaysia Development Bhd (1MDB) has denied a news report from Singapore, citing an unnamed source, that Abu Dhabi’s International Petroleum Investment Co (IPIC) is considering pulling out of a plan to help restructure its debts.
“We note a speculative article carried by the Singapore Business Times this (yesterday) morning which relies on a conversation with an unnamed source to suggest that 1MDB’s binding agreement with IPIC is ‘as good as off’.
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