The Home Ministry has suspended the publishing permit of The Edge Weekly and The Edge Financial Daily for three months from July 27.
According to a statement from The Edge Media Group, the ministry's letter states that reporting on 1MDB by the two publications were "prejudicial or likely to be prejudicial to public order, security or likely to alarm public opinion or is likely to be prejudicial to public and national interest".
The letter also warned that failure to stop publication for three months would result in the withdrawal of the publishing permits.
"To our readers and fellow Malaysians, you can continue to read our work through our digital platforms like theedgemarkets.com, theedgeproperty.com, themalaysianinsider.com and edgy.com," the Edge Media Group publisher and chief executive officer Ho Kay Tat said.
Ho added that other digital options to deliver the news would also be explored.
"To our advertisers, we hope you will continue to support us through our digital platforms, now that the print will not be available for three months," he said.
The Edge Media Group's Malaysian operations have a staff count of around 350.
Both Ho and The Edge media group owner Tong Kooi Ong are being investigated under Section 124 of the Penal Code for activities detrimental to parliamentary democracy.
This followed allegations of 1MDB documents being fabricated and tampered.