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Final leg of 1MDB rationalisation plan completed

At a valuation of RM12.35 bln, 1MDB will sell 60% of its equity in Bandar Malaysia to a consortium known as IWH-CREC Sdn Bhd, a 60:40 JV between Iskandar Waterfront Holding Sdn Bhd (IWH) and China Railway Engineering Corporation, in the final leg of its rationalisation plan.

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