Equanimity to be sold with nine-digit price tag, Admiralty Court rules

The superyacht Equanimity, belonging to Jho Low, is brought to Boustead Cruise Terminal in Port Klang, Malaysia on Aug 7, 2018. – Reuters

KUALA LUMPUR: The superyacht Equanimity will be sold with a nine-digit price tag (under RM1bil) before March 31, says the 1Malaysia Development Bhd (1MDB) legal team.

The lawyers said the Sheriff of the Admiralty Court would be seeking the necessary orders from court to commence the second phase of the judicial sale by private treaty for the closing of the sale no later than March 31.