Press Release

Date: 
07-09-2015
1MDB respects advisor's decision
1MDB respects advisor's decision

1MDB respects advisor's decision 

1MDB notes media reports today on the resignation of Tan Sri Datuk Dr. Abdul Samad Haji Alias from the 1MDB Board of Advisors. Whilst we very much regret his departure, we fully respect his decision and wish Tan Sri Samad all the best in his future endeavours.

The Board of Directors and shareholder of 1MDB are fully and actively engaged in the 1MDB rationalisation plan. This is evidenced by the shortlisting of four parties to the final bidding stage for the sale of Edra, our energy subsidiary. In relation to Bandar Malaysia, further to the receipt of 12 bids on 28 August 2015, 1MDB expects to shortlist preferred bidders before the end of this week.

1MDB remains focused on implementation of its rationalisation plan and will issue further progress updates in due course.