1MDB seeks to make IPIC payment later this month


PETALING JAYA: 1Malaysia Development Bhd (1MDB) is seeking that the amount of US$602.73mil (RM2.56bil) that was already due for payment last Monday to the London-listed International Petroleum Investment Co (IPIC) be pushed to this month.

In a three-paragraph statement, 1MDB said all payments due from 1MDB to IPIC would be made from the proceeds of the 1MDB rationalisation plan.

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Business , 1MDB , MoF , funds

   

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