30 Dec '15, 4am

How 1MDB overpaid for its power assets - by Khairie Hisyam (Kinibiz)

How 1MDB overpaid for its power assets - by Khairie Hisyam (Kinibiz)

BY KHAIRIE HISYAM | Kinibiz DECEMBER 20, 2015 10:30AM On Nov 23, 2015, 1MDB announced that it has signed a deal with China General Nuclear to sell its power assets in return for RM9.83 billion in cash. This sale at a massive loss brings full circle its questionable purchases of the power assets while paying grossly inflated figures several years ago. ________________________________________________________________________ Most of 1MDB’s power assets were acquired within a 16-month time frame between March 2012 and July 2013. The spending spree raised many questions at the time, which remain unsatisfactorily unanswered as at writing time. The underlying logic of buying over independent power producers (IPPs), as understood by market observers, would likely be the strong cash flow. In simple terms, IPPs have a steady stream of cash flow by virtue of their power purchase agre...

Full article: http://blog.limkitsiang.com/2015/12/30/how-1mdb-overpaid-...

Tweets

How 1MDB overpaid Goldman Sachs: BY KHAIRIE HIS...

blog.limkitsiang.com 28 Dec '15, 5am

BY KHAIRIE HISYAM | Kinibiz DECEMBER 18, 2015 8:00AM With a number of questionable dealings over its seven years or so of ...

1MDB and the Money Network of Malaysian Politic...

blog.limkitsiang.com 29 Dec '15, 9am

by Tom Wright and Bradley Hope Wall Street Journal Dec. 28, 2015 Prime Minister Najib Razak tapped wealth fund to ease rul...

1MDB and the Money Network of Malaysian Politic...

blog.limkitsiang.com 29 Dec '15, 9am

by Tom Wright and Bradley Hope Wall Street Journal Dec. 28, 2015 Prime Minister Najib Razak tapped wealth fund to ease rul...

Industry Analysts To VW: Sell Assets That Lose Money!

Industry Analysts To VW: Sell Assets That Lose ...

gas2.org 30 Dec '15, 7pm

Now that Volkswagen is looking at billions in fines and spending billions more fixing its diesel powered cars, many indust...

"How 1MDB lost RM6 bil through bond mispricing"

"How 1MDB lost RM6 bil through bond mispricing"

blog.limkitsiang.com 26 Dec '15, 2am

BY KINIBIZ DECEMBER 16, 2015 8:00AM 1MDB has already lost some RM6 billion by mispricing its bonds. So was this deliberate...

1MDB’s love affair with the Arab world: By Khairie Hisyam | Kinibiz DECEMBER 21, 2015 8:00AM From its first e...

1MDB’s love affair with the Arab world: By Khai...

blog.limkitsiang.com 31 Dec '15, 3am

By Khairie Hisyam | Kinibiz DECEMBER 21, 2015 8:00AM From its first ever deal seven years ago, controversial 1MDB has had ...

WSJ’s Last Bombshell For The Year – Najib’s $70...

blog.limkitsiang.com 31 Dec '15, 7am

financetwitter.com 29 Dec 2015 If 2014 was the year of Malaysia Airlines where it lost two Boeing 777s, one disappeared wh...

The colourful family and friends of 1MDB: BY KH...

blog.limkitsiang.com 25 Dec '15, 9am

Arul came from Abu Dhabi Commercial Bank (ADCB) – majority owned by the government of Abu Dhabi, which also controls Inter...

WSJ’s Last Bombshell For The Year – Najib’s $70...

blog.limkitsiang.com 31 Dec '15, 1pm

financetwitter.com 29 Dec 2015 If 2014 was the year of Malaysia Airlines where it lost two Boeing 777s, one disappeared wh...

WSJ’s Last Bombshell For The Year – Najib’s $70...

blog.limkitsiang.com 02 Jan '16, 12pm

financetwitter.com 29 Dec 2015 If 2014 was the year of Malaysia Airlines where it lost two Boeing 777s, one disappeared wh...

#S14

themalaysianinsider.com 31 Dec '15, 9am

The proposed alignment of the high speed rail between Kuala Lumpur and Singapore. Chinese firms are poised to win the proj...

Ahmad Maslan wins Crown of Clowns 2015?: By Mar...

blog.limkitsiang.com 30 Dec '15, 4am

« 1MDB and the Money Network of Malaysian Politics How 1MDB overpaid for its power assets » Ahmad Maslan wins Crown of Clo...

"Corruption: Malaysia’s 1MDB Scandal enters Rogues Gallery in 2015" https://t.co/7UngeUt5X1

"Corruption: Malaysia’s 1MDB Scandal enters Rog...

dinmerican.wordpress.com 31 Dec '15, 11pm

Soccer’s world-governing body is so entangled in a massive web of corruption that it’s hard to pinpoint where it begins or...