<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 1): The Finance Ministry said 1Malaysia Development Bhd's (1MDB) rationalisation plan will generate cash, which will be used to repay 1MDB's long-term debt. The Malaysian government owns 1MDB.</p></div>

<div class=newsTextDataWrapInner><p>The ministry said the rationalisation plan includes the sale of 1MDB's power assets and monetisation of fund units. The ministry said the rationalisation plan was earlier announced to the Public Accounts Committee.</p></div>

<div class=newsTextDataWrapInner><p>"The monetisation of investment units owned by 1MDB's subsidiary is part of the rationalisation plan," the ministry said in a written reply dated Monday (Oct 30, 2017) to DAP lawmaker and Petaling Jaya Utara MP Tony Pua's query in Parliament.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Pua had earlier asked the ministry to specify the current value of investment units owned by 1MDB subsidiary Brazen Sky Ltd and the name of the custodian bank for the investment.</p></div>

<div class=newsTextDataWrapInner><p>Pua distributed the ministry's reply and his (Pua) media statement to reporters at Parliament today. According to Pua's statement, he had received the ministry's written reply yesterday.</p></div>

<div class=newsTextDataWrapInner><p>During a press conference in Parliament today, he said Malaysians have the right to know the status of the US$940 million (about RM3.98 billion) worth of investment 'units' held by Brazen Sky.</p></div>

<div class=newsTextDataWrapInner><p>"Who is its new 'custodian' bank and what is the status of its units?" Pua said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Nov 1): The Finance Ministry said 1Malaysia Development Bhd's (1MDB) rationalisation plan will generate cash, which will be used to repay 1MDB's long-term debt. The Malaysian government owns 1MDB.

The ministry said the rationalisation plan includes the sale of 1MDB's power...

Malaysia says 'monetisation of investment units' part of 1MDB rationalisation

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