Naim unveils recovery plan

Naim chairman Datuk Amar Abdul Hamed Sepawi(pic) and managing director Datuk Hasmi Hasnan put the blame on the MRT project

KUCHING: Naim Holdings Bhd, which was hit by huge losses arising mainly from the Klang Valley Mass Rapid Transit (MRT) project last year, has put in place a “five-year recovery plan” to bring the company back to profitability.

Sarawak’s leading property developer suffered losses of RM121mil from the MRT project and its oil and gas (O&G) associate Dayang Enterprise Holdings Bhd.