1MDB to Cut Debt by $9.4 Billion After Sales, Malaysian PM Says

  • Company had debt totaling $9.8 billion as of March 2014
  • 1MDB's major challenges are now behind it, Najib says

1Malaysia Development Bhd. will trim its debt by 40.4 billion ringgit ($9.4 billion) once it completes agreed asset sales, Prime Minister Najib Razak said Thursday after the state-owned fund announced its latest asset-disposal pact. 

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