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March 29, 2015 12:50 AM ET

Capital Markets

Company Overview of 1Malaysia Development Berhad

Company Overview

1Malaysia Development Berhad operates as a strategic development company. The company identifies new ideas and sources of growth to propel economic transformation in Malaysia. It focuses on creating new sources of growth in various sectors, including energy, real estate, tourism, and agribusiness. 1Malaysia Development Berhad was formerly known as Terengganu Investment Authority Bhd. and changed its name in January 2009. The company was founded in 2008 and is based in Kuala Lumpur, Malaysia.

Level 8

Menara IMC

No 8 Jalan Sultan Ismail

Kuala Lumpur,  50250

Malaysia

Founded in 2008

Phone:

60 3 2730 8288

Fax:

60 3 2072 9288

Key Executives for 1Malaysia Development Berhad

President and Group Executive Director
Age: 38
Deputy Chief Executive Officer
Director of Corporate Finance
Director of Treasury
Chief Human Resource Officer
Age: 46
Compensation as of Fiscal Year 2014.

1Malaysia Development Berhad Key Developments

1Malaysia Development Mulls Sale

1Malaysia Development Berhad is seeking to sell stakes. 1Malaysia Development Berhad completed a strategic review of its operations and said it planned to sell assets and development rights in prime property projects in a move to cut debt.

CIMB Appointed For Potential Sale Of Edra Global Energy

Edra Global Energy Bhd may be sold. CIMB Group Holdings Berhad (KLSE:CIMB) said that the company has been engaged by the finance ministry to act as adviser for the potential sale of Edra Global Energy, owned by 1Malaysia Development Berhad (1MDB). CIMB stated, “CIMB's role will include identifying potential buyers and running a competitive process for Edra to derive an optimal outcome for the ministry of finance.” It added that the appointment does not extend to any other areas relating to 1MDB. 1MDB was also planning to list its power assets in an initial public offering expected to fetch $3 billion, sources said.

1Malaysia Development Berhad Reportedly Mulls Sale

1Malaysia Development Berhad is reportedly seeking to sell stakes. “Malaysia's Ministry of Finance of Malaysia's has asked CIMB Investment Bank to evaluate a possible strategic sale of 1MDB's power assets as a backup plan to their IPO,” The Edge Financial Daily reported on March 18, 2015, citing sources. ”The ministry, which owns 1MDB, is concerned that the IPO may not materialise after several delays in the past,” The Edge said.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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