Appropriate actions taken to resolve MARA Inc’s losses

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KUALA LUMPUR: Appropriate action, including legal measures, has been initiated to address the RM286.30 million accumulated losses reported by MARA Inc...

: Appropriate action, including legal measures, has been initiated to address the RM286.30 million accumulated losses reported by MARA Incorporated Sdn Bhd , as highlighted in the Auditor-General’s Report released yesterday.

“The plan involves debt repayment and the restructuring of MARA Inc’s overseas operations, which has already begun yielding positive outcomes with the clearance of external debts,“ Azhar said in a statement today. He said over the past three years, MARA Inc’s real estate investments increased by almost 30 per cent from RM170 million to RM215 million. The company has also achieved profits after tax in 2022, 2023, and up to May 2024.

 

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