March 01, 2015 8:00 PM ET

Real Estate Management and Development

Company Overview of S P Setia Berhad

Company Overview

S P Setia Berhad, together with its subsidiaries, is engaged in the property development, construction, infrastructure, and wood-based manufacturing and trading businesses. The company operates in three segments: Property Development, Construction, and Others. It offers residential houses, high-rise condominiums, commercial centers, business parks, self-contained townships, and boutique developments under the Setia, Eco, and Duta brands. The company is also involved in the manufacture, prefabrication, installation, and sale of wood components, such as prefabricated timber roof trusses, decorative and fire-rated doors, windows, and moldings, as well as carpentry works and kiln dry services. I...

No. 12, Persiaran Setia Dagang

Setia Alam

Seksyen U13

Shah Alam,  40170

Malaysia

Founded in 1974

Phone:

60 3 3348 2525

Fax:

60 3 3344 3232

Key Executives for S P Setia Berhad

Acting Chief Executive Officer, Acting President and Executive Director
Age: 54
Total Annual Compensation: $586.0K
Compensation as of Fiscal Year 2013.

S P Setia Berhad Key Developments

S P Setia Announces Amendments to its Articles of Association

The Board of Directors of S P Setia announced that the company intends to seek its shareholders' approval on the proposed amendments to the articles of the company at the forthcoming Fortieth annual general meeting of the company.

S P Setia Berhad Appoints Tengku Dato' Ab. Aziz Bin Tengku Mahmud as Non Independent & Non Executive Director

S P Setia Berhad appointed Tengku Dato' Ab. Aziz bin Tengku Mahmud as Non Independent & Non Executive Director. Tengku Dato’ Ab. Aziz bin Tengku Mahmud is currently the Chief Executive Officer of PNB Merdeka Ventures Sdn Bhd. He is responsible for the development of Warisan Merdeka project, comprising 118-storey tower, retail mall, hotels and condominiums.

Sime Darby's Property Arm Reported Mooted To Takeover S P Setia

A high level initiative has began for a proposal for the property arm of Sime Darby Berhad (KLSE:SIME) to take over S P Setia Berhad (KLSE:SPSETIA). About two months ago by a few senior management of S P Setia mooted the proposal and conveyed to the top brass of Permodalan Nasional Berhad (PNB) and Sime Darby. A source stated: “So far, there has been no resistance to the proposal. It is not something out of the blue as this was talked about by the dominant shareholder. This time it is coming from the key people in S P Setia. They see a need for a strong leadership in S P Setia for the greater benefit of shareholders.” PNB plans to merge all its property companies under its stable and list it. However the plan had not taken off yet although there were consultants who had worked on it quite substantially, a source said. A banker stated: “But S P setia is not part of the plan. Any corporate exercise between the two companies would need shareholders approval.” Another source said: “If PNB does decide to amalgamate all its property assets, it must find a vehicle. This should not be an issue at all. S P Setia seems to have “a better branding” than the other property companies in PNB’s stable. The most pressing problem in S P Setia is not land or sales. It is management execution and PNB’s perceived inertia.”

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 14, 2014
Kuantan Pahang Holding Sdn Bhd
Merger/Acquisition
June 11, 2014
S P Setia Security Services Sdn Bhd
 

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