Wahid takes on the weakest link

Tan Sri Abdul Wahid Omar: "The time is not right for Permodalan Nasional Bhd (PNB) to invest abroad considering the ringgit is weak compared with its true value."

WHILE a demerger within the Sime Darby group has long been thought of, some industry observers feel that if Permodalan Nasional Bhd (PNB) group chairman Tan Sri Wahid Omar (pic) had not gotten the ball rolling, that plan could very well still be on the drawing board.

That could be true to a certain extent, seeing that Wahid assumed the head honcho position at the country’s largest fund-management company – a strategic shareholder in Sime Darby – in July 2016 and the demerger plan was announced six months later in January.