By Khairie Hisyam
A brief three or so years after going on a controversial power plant acquisition spree, 1MDB is now looking to sell its power assets off. But this is likely at a loss of billions and, at the end of the day, may not help its predicament insofar as its billions of debt go. Meanwhile, pressing questions remain which cry out for criminal inquiry proceedings.
Issues
#1
Three years ago, 1MDB raised eyebrows when it splurged on power assets, paying a generous premium for some of them. Now it looks to sell them, likely at a loss, yet it may not resolve the wider ...
#2
After overpaying by billions for its power assets several years ago, 1MDB now seeks to divest them as part of its rationalisation plan. However, it is likely to sell at a loss given the current ...
#3
Apart from properly valuing 1MDB’s power assets held under Edra Global Energy for its proposed sale, concerns grow on the looming spectre of majority foreign ownership of local power plants. ...
#4
In selling Edra, is 1MDB slaughtering its cash cow for its meat? Meantime, while the sale seems inevitable, its handling requires transparency and candour given that much public interest rides on ...
A brief three or so years after going on a controversial power plant acquisition spree, 1MDB is now looking to sell its power assets off. But this is likely at a loss of billions and, at the end of the day, may not help its predicament insofar as its billions of debt go. Meanwhile, pressing questions remain which cry out for criminal inquiry proceedings.
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