1Malaysia Development Bhd

Singapore's authority seizes account related with 1MDB

The Singapore's authority announced that it has seized a large number of bank accounts in a probe into alleged misappropriations related to 1MDB. Details regarding the bank accounts will be shared with investigators from Switzerland, United States and Malaysia.

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1MDB boosts target for IPO to USD 3 billion- source

State-owned 1Malaysia Development Bhd raised the target for its IPO to USD 3 billion, according to a source interviewed by Reuters.

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1Malaysia Development Bhd Acquires Local Power Plant for US$380 million

1Malaysia Development Bhd acquired a local power plant for US$380 million.

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