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Superyacht Equanimity for sale at nearly half its $250m price tag

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THE Malaysian government will be selling the Equanimity, the Superyacht linked to the ill-famed 1Malaysia Development Berhad (1MDB) scandal for a floor price of US$130 million, at nearly half its original value.

A government-appointed lawyer, S. Sitpah said the minimum price was set based on an appraisal by Winterbothams Limited, a UK-based independent naval architect firm.

Sitpah told The Star the government had obtained a court order allowing the sale, which would be done through negotiations.

SEE ALSO: 1MDB: Superyacht owners dispute Malaysian sale; Jho Low charges filed


© Asian Correspondent