Company Overview of 1Malaysia Development Berhad
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.
No 8 Jalan Sultan Ismail
Kuala Lumpur, 50250
Founded in 2008
Key Executives for 1Malaysia Development Berhad
President and Group Executive Director
Deputy Chief Executive Officer
Director of Corporate Finance
Chief Human Resource Officer
Compensation as of Fiscal Year 2015.
1Malaysia Development Berhad Key Developments
1Malaysia Development Said To Shortlist CGN Meiya Power, Nebras Power For Power Plant Sale
Sep 23 15
1Malaysia Development Berhad has shortlisted bidders including CGN Meiya Power Holdings Co., Ltd. (SEHK:1811) and Nebras Power Q.S.C. for its energy asset sale. On September 28, 2015, CNBC said that according to people familiar with the matter, the four unnamed energy companies announced as shortlisted by 1MDB earlier this month were Saudi Arabia's ACWA Power International, Nebras Power Q.S.C. of Qatar, Hong Kong's CGN Meiya Power Holdings Co., Ltd. (SEHK:1811) and Malaysian state-owned Tenaga Nasional Berhad (KLSE:TENAGA).
1Malaysia Development Seeks To Sell Land In Pulau Indah
Sep 21 15
1Malaysia Development Berhad (1MDB) has launched a tender exercise for its 127ha (318 acre) land in Pulau Indah, Selangor. In a statement today, 1MDB said potential purchasers were invited to register their interest with Savills (M) Sdn Bhd, which is advising 1MDB on the exercise. “The 1MDB land parcel in Pulau Indah, Mukim Klang, Selangor, is on a single-large development site, measuring approximately 318 acres. It is adjacent to the Port Klang Free Zone (PKFZ) and other industrial developments," 1MDB said.
TNB Reportedly Interested In Edra Global; 1MDB Evaluating Offer
Sep 18 15
Unit of 1Malaysia Development Berhad (1MDB), Edra Global Energy Bhd may be sold. Edra Global is up for sale. In an advertisement posted in a daily, Edra Global stated that it was inviting ‘prospective applicants to express their interest in participating in a tender exercise for the design, engineering, procurement, construction and commissioning (EPC) of a 1,800MW to 2,400MW combined-cycle gas turbine (CCGT) power plant in Malaysia for Edra and/or its nominee’. 1MDB plans to sell Edra and several local and foreign buyers have expressed interest. Among them is Tenaga Nasional Berhad (KLSE:TENAGA) (TNB). The news report stated that as for the sale of Edra assets, it was recently reported that 1MDB had shortlisted four suitors for the final bidding stage. It further added that the company is currently said to be evaluating the offers, including one from TNB.
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