Wilmar’s ‘short-term’ one-off loss, PPB confident of future

Lim: ‘We remain confident about the long-term prospects for Wilmar.’ With him is non-independent, non-executive director Datuk Ong Hung Hock (left).

KUALA LUMPUR: Conglomerate PPB Group Bhd believes the loss suffered by its associate Wilmar International Ltd was merely a short-term setback for the Singapore-listed firm.

Its managing director Lim Soon Huat told a media briefing that they viewed the group’s 18.55% stake in the agribusiness trader as a long-term investment.