In 2014, 1MDB faced cash flow problem.
In 2014, 1MDB faced cash flow problem. The Board of Directors and the management wanted to find cash by initial public offering of the shares of its company, Edra Energy Berhad. This did not succeed because of various factors. The company lost RM665 million. The total debts of 2 billion due to mature could not be settled.
Labels: Initial public offer (IPO)