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August, 29, 2016

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Business > Asia > Malaysia
Sovereign wealth fund 1Malaysia Development Bhd plans to raise about US$1 billion through a public listing of its power assets in Malaysia next year, Dow Jones Newswires has reported.
 
The world hydroelectric industry's decision to meet in a Malaysian state where dams have uprooted rainforests and native peoples is drawing bitter fire from environmental and tribal groups.
 
Malaysia's UMW Holdings plans to sell 39 percent of its oil and gas unit in an initial public offering this year that could raise up to US$1 billion, a source said Friday.
 
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