Danaharta plans a graceful exit

WHEN you are close to outliving your usefulness, the smartest thing to do is to plan a graceful, painless exit. Pengurusan Danaharta Nasional Bhd knows this well. Last week, key executives of the national asset management company (AMC) met with several heads of research to toss around ideas about how it should settle its affairs before shutting up shop. 

It has always been part of the game plan for Danaharta to wind down in 2005. It was set up specifically to shield the Malaysian banking sector from being swamped by non-performing loans (NPLs), which had threatened to swell to a crippling level during the Asian financial crisis.