Malaysia’s 1Malaysia Development Bhd announced it completed selling its power assets to China General Nuclear Corp. in a $2.3 billion cash agreement in November.
1MDB added China’s state-owned energy corporation acquired the Malaysian state fund’s Edra Global Energy Bhd and its subsidiaries, and will take in CGN’s cash reserves and gross debt.
The material has been provided by InstaForex Company – www.instaforex.com