Malaysia's 1MDB shortlists four parties for its power unit

September 8, 2015 12:50 AM

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KUALA LUMPUR, Sept 8 Malaysian state fund 1Malaysia Development Bhd said it has shortlisted four parties for the final bidding stage in the sale of its power unit, Edra Global Energy Bhd.

The fund, whose advisory board is chaired by Prime Minister Najib Razak, also expects to shortlist preferred bidders for its Bandar Malaysia property project before the end of this week, it said in a statement late on Monday.

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