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1MDB To Sell Off Assets In Bid To Reduce $11.6B Debt

By Tom Zanki (February 18, 2015, 8:49 PM EST) -- Sovereign wealth fund 1Malaysia Development Bhd said Wednesday it will explore asset and land sales, as well as other strategic moves, to reduce an $11.6 billion debt burdening the Malaysian firm, a repositioning that comes while it is also planning an initial public offering for its energy assets....

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