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"Further to a statement issued by CIMB Group on 26 March 2015 regarding its appointment as an adviser for the potential sale of Edra Global Energy Berhad (‘Edra’),‎the‎Ministry‎of‎Finance‎wishes‎to‎clarify‎that‎Edra‎remains‎focused‎on‎and‎ is proceeding with its plans to submit an application for the listing of the business on Bursa Malaysia. Edra is advised by Deutsche Bank and Maybank on this transaction. This remains the preferred course of action for the monetisation of these assets, and all relevant stakeholders are committed to ensuring its success. In light of the above, the Ministry of Finance has advised CIMB that its services are no longer required".


Ministry of Finance
1 April 2015

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