How is the sale process for Bandar Malaysia progressing?

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The Sale Process for Bandar Malaysia Remains Ongoing
The sale process for Bandar Malaysia is continuing as part of 1Malaysia Development Bhd's (1MDB) broader rationalisation plan. 1MDB has stated its focus on the successful implementation of this plan, with the Bandar Malaysia sale being one of its key initiatives.
Commitment to Rationalisation Plan
1MDB has reaffirmed its dedication to achieving the objectives of its rationalisation plan. This commitment is demonstrated through various official announcements and ongoing activities. The company indicated it would continue to provide regular progress updates on these efforts.
Sale of Bandar Malaysia as a Key Initiative
The ongoing sale process for Bandar Malaysia is highlighted as a significant component of 1MDB's strategy. This initiative is listed alongside other key actions, such as the binding term sheet executed with Abu Dhabi's International Petroleum Investment Co (IPIC) and the shortlisting of bidders for Edra Global Energy Bhd.
Refutation of External Reports
1MDB has actively refuted external reports that inaccurately portray its activities. Specifically, the company denied an article suggesting its agreement with IPIC was "as good as off," labelling such claims as unprofessional. The firm stated it was engaged in discussions with IPIC to conclude the transaction as per the terms announced.

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How is the sale process for Bandar Malaysia progressing?

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