November 23, 2014 11:32 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

Managing Director
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 Reportedly Filled For IPO

1Malaysia Development Berhad filed IPO application last week to raise some $3 billion to mainly pay debt, sources said. "The listing would be in the first quarter of 2015, likely March," said one of the sources.

1MDB Reportedly Plans January Listing For Power Assets

1Malaysia Development Berhad (1MDB) seeks to list its power assets in January, 2015, three people with direct knowledge of the matter said. They stated that the paperwork for the initial public offering (IPO) will be filed later in October, 2014. “A listing will be in January if the application goes through," one of the sources said. 1MDB seeks to raise more than $3 billion in the IPO.

1Malaysia Development Mulls Listing Of Energy Assets

1Malaysia Development Berhad is looking to raise funds. The company is seeking to raise more than $3 billion through a stock market listing of its energy assets in Initial Public Offering (IPO). 1Malaysia Development stated that IPO proceeds will be used to fund growth plans and for the partial repayment of outstanding debt. The company also stated that Goldman Sachs was named adviser for the IPO, while Maybank and Ambank have been appointed as joint principal advisers.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact 1Malaysia Development Berhad, please visit www.1mdb.com.my. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.