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1MDB still can't submit financial statements, gets six-month extension
Published:  Apr 4, 2016 6:00 PM
Updated: 12:46 PM

1MDB has received another six-month extension from the Companies Commission of Malaysia (CCM) after still being unable to submit its financial statements ending March 31, 2015.

1MDB was supposed to submit the financial statements by Sept 30 last year but had sought a six-month extension until March 31, 2016, a deadline it again failed to meet.

The state-owned fund cited the same reason as before, that it was waiting for the return of its documents which were seized during a raid last year.

"1MDB is unable to prepare its financial statements for audit pending the return of the relevant financial documents seized during a raid on July 8, 2015.

"Accordingly, CCM has now granted an extension of time until Sept 30, 2016 for 1MDB to hold its AGM and approve its audited financial statements for the financial year ended March 31, 2015," 1MDB said in a statement today.

However, 1MDB said it was able to submit the financial statements for two of its subsidiaries.

"1MDB is pleased to announce that TRX City Sdn Bhd (formerly known as 1MDB Real Estate Sdn Bhd) together with its subsidiaries, and Edra Global Energy Berhad, have held AGMs to approve audited financial statements for the financial year ended 31 March 2015.

"The AGMs were held within the previously extended deadline of 31 March 2016 and the audited financial statements have now been filed with the CCM.

"These two companies form the vast majority of assets and represent all of the operating business activities of 1MDB," it said.

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