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S P Setia

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S P Setia Berhad
Company typePublicly traded government-linked company
MYX: 8664
ISINMYL8664OO004
IndustryProperty Developer
Founded1974
FounderLiew Kee Sin
HeadquartersSetia Alam, Shah Alam, Selangor, Malaysia
Key people
Tan Sri Dato' Seri Dr. Wan Mohd Zahid Wan Mohd Noordin, Chairman
Dato' Khor Chap Jen, President and CEO
ParentPermodalan Nasional Berhad
Websitewww.spsetia.com.my

S P Setia Berhad (MYX: 8664) is a Malaysian property, infrastructure and business company. It was founded by well-known property development figure, Liew Kee Sin.[1] Since its inception, SP Setia Berhad has become an established property development company based in Malaysia.

List of Projects

Local

Klang Valley

Johor Bahru

Penang

Kota Kinabalu

International

Vietnam

Singapore

Battersea Power Station and Liew's Resignation

On 2012, S P Setia expressed interest in bidding to acquire Battersea Power Station which is located in Battersea, London, United Kingdom. If S P Setia failed in its bid to acquire Battersea Power Station, it had planned to look for other sites in London.[2] On June 2012, Knight Frank announced that Ernst & Young has made an exclusive agreement with S P Setia and Sime Darby to agree on the final terms of the deal[3] after SP Setia won the bid of the Battersea Power Station against Chelsea FC.[4]

Just like other private-turned government-linked companies in Malaysia, Liew was forced to resign when majority of the company shares were bought and controlled by the Malaysian government through its linked companies controversially.[citation needed] He then co-founded EcoWorld development group alongside with former colleagues who left S P Setia together with him.[citation needed]

References

  1. ^ "SP Setia". Retrieved 18 November 2014.
  2. ^ "S P Setia Eyeing Other London Sites In Case Battersea Bid Fails". Bloomberg. Retrieved 2012-08-08.
  3. ^ "S P Setia, Sime preferred bidders for Battersea". Business Times. Retrieved 2012-08-08.
  4. ^ "Battersea Power Station: Malaysian company". BBC. Retrieved 2012-08-08.