1MDB said to near RM10bil power sale to China-led group

1MDB expects RM16bil to RM18bil for the power plants and has received bids close to that figure. The Reuters photo shows men walking past a 1MDB billboard at the company's Tun Razak Exchange development in Kuala Lumpur.

SINGAPORE: 1Malaysia Development Bhd (1MDB) is nearing an agreement to sell control of its power business to a Chinese-led bidding group, part of the state investment company’s plan to wind down its operations, people with knowledge of the matter said.