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Last of 1MDB assets to be shipped out in coming months

The last of 1MDB's assets is expected to be transferred out in the coming months, as part of a plan to wind up the scandal-plagued Finance Ministry-owned company. According to Singapore's Straits Times, the remaining assets are Tun Razak Exchange (TRX), Bandar Malaysia in Kuala Lumpur and a 94.7-hectare plot of land in Ayer Itam, Penang. The report said the assets will be transferred to two Finance Ministry-owned companies, Aroma Teraju Sdn Bhd and Piramid Pertama Sdn Bhd.

Malaysiakini,  (08 Jan, 2017).  Last of 1MDB assets to be shipped out in coming months.  Retrieved 26 May, 2020,  from https://www.malaysiakini.com/news/368508