[KUALA LUMPUR] Malaysia has scrapped a plan to find a potential buyer for 1Malaysia Development Bhd's energy business as the government said it remains focused on an initial public offering for the unit of the state investment company. A week after CIMB Group Holdings Bhd announced its appointment by the Ministry of Finance to run a "competitive" sale process for Edra Global Energy Bhd, the lender said in a statement on Wednesday that it had been informed its services are no longer required. Edra is proceeding with plans to submit an application to list on the Malaysian stock exchange, the finance ministry said in a separate statement. "This remains the preferred course of action for the monetization of these assets," the finance ministry said.