1MDB and govt applies for quick sale of Equanimity to avoid further depreciation

Published on 23 Aug 2018 4:57:31 PM

The sale of the superyacht Equanimity should be sped up, according to a court order filed by 1Malaysia Development Bhd (1MDB) and three other parties.
1MDB, its two subsidiaries, 1MDB Energy Holdings Ltd and 1MDB Global Investment Ltd, and the government have named the owner of the ship Equanimity of Cayman Islands as the sole defendant in the suit filed via Jeremy Joseph and partners law firm on Thursday.
In the notice of application, the four plaintiffs are asking for the sale of the vessel, bunkers, fuel, lubricants and other consumables on board to be conducted through an open tender or private treaty by the sheriff of the Admiralty Court Kuala Lumpur.

Read more at https://www.thestar.com.my/news/nation/2018/08/23/1mdb-and-govt-applies-for-quick-sale-of-equanimity-to-avoid-further-depreciation/