Type Berhad / Public Website www.spsetia.com.my Founder Liew Kee Sin | Industry Property Developer Headquarters Malaysia Founded 1974 | |
Key people Dato' Khor Chap Jen (President and CEO)
Tan Sri Dato' Seri Dr Wan Mohd Zahid (Chairman) Stock price SPSETIA (KLSE) MYR 3.49 +0.04 (+1.16%)24 Mar, 4:50 PM GMT+8 - Disclaimer CEO Dato’ Khor Chap Jen (1 Jan 2015–) Subsidiaries Bukit Indah Property Management Sdn Bhd Profiles | ||
S P Setia Berhad (MYX: 8664) is a Malaysian property, infrastructure and business company. It was founded by well-known property development figure Tan Sri Liew Kee Sin. Since its inception, SP Setia Berhad has become an established property development company based in Malaysia.
Contents
Klang Valley
Johor Bahru
Penang
Kota Kinabalu
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. 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 after SP Setia won the bid of the Battersea Power Station against Chelsea FC.
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. He then co-founded EcoWorld development group alongside with former colleagues who left S P Setia together with him and they further achieved remarkable success with EcoWorld, which has now topped the nation's property development industry.