Sarawak tycoon raises stake in Naim to 25.2%

Major shareholder: Hamed has increased his direct and indirect holdings in Naim to 126.1 million shares, representing 15.92 of its enlarged issued capital of 513.8 million.

KUCHING: Sarawak tycoon Datuk Amar Abdul Hamed Sepawi has raised his stake in Naim Holdings Bhd by over 9% to about 25.2%, following the completion of the company’s rights issue.

However, there are no indications that the completion of the cash call would lead to further corporate exercises, analysts said.