Zeti: Sale of 1MDB’s assets to China firm has no impact on market
KUALA LUMPUR, Dec 1 ― 1Malaysia Development Bhd’s sale of its energy assets to China’s firm will not have an impact on the market, said Bank Negara Malaysia’s Governor, Tan Sri Dr Zeti Akhtar Aziz.
“Our system is large and the foreign exchange market is huge. A single transaction so far in our monitoring does not impact the market. Only cummulative transactions will affect market,” she said after officiating the “Iclif Leadership Energy Summit Asia 2015”, here today.
Zeti was asked on possible impact of 1MDB energy arm, Edra Global Energy Bhd, disposing of all its assets to China General Nuclear Power Corp and its units (CGN group) for RM9.83 billion.
The transaction is the largest merger and acquisition deal in the Asian power sector year to-date. ― Bernama
