Malaysia’s 1MDB settles debt owed to Abu Dhabi with China backing

December 27, 2017 5:04 PM

KUALA LUMPUR – State-owned 1Malaysia Development Bhd (1MDB) has made the final settlement of US$602.7 million ($S810 million) in debt obligations to Abu Dhabi’s International Petroleum Investment Company (IPIC), by divesting its stake in two companies to buyers linked to Chinese state-owned enterprises.

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