PETALING JAYA: 1Malaysia Development Bhd (1MDB) has remitted the equivalent of US$350mil to International Petroleum Investment Co PJSC (IPIC) as part payment of a settlement that was due on July 31, 2017, it said.
The balance of the original July 31, 2017 payment obligation to IPIC is accordingly now due on Aug 31, 2017, 1MDB said in a statement yesterday.
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