1Malaysia Development Bhd (1MDB) president and group executive director Arul Kanda Kandasamy said today the debt-laden firm has achieved its target of completing its rationalisation plan within six months.
The final step of the plan was completed with the execution of the sales and purchase agreement for 1MDB’s 60% stake in Bandar Malaysia Sdn Bhd for RM7.41 billion, Arul Kanda said at a press conference in Kuala Lumpur.
“We had a plan to conduct a strategic review, to conduct a rationalisation plan.
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