By KINIBIZ
In this four-part series, KiniBiz navigates the tangled web between SP Setia and PNB. We start with asking why PNB, the major shareholder of SP Setia, is taking such a long time to find a CEO. We then move along to look at SP Setia, which is facing losses in opportunity costs as talent leaves the company in droves. This inevitably leads us to where the talent is — Eco World. Is upstart Eco World’s rising fortunes directly at the expense by the SP Setia? We end with asking if a mega merger is on the cards or are there other forces at play?
Issues
#1
After a second CEO resignation within nine months, property developer SP Setia has yet to have a permanent replacement for long-time boss Liew Kee Sin, who left in April this year. Why is major ...
#2
While majority shareholder Permodalan Nasional Berhad takes its time in naming a permanent chief executive officer to take the reins, SP Setia is facing losses in opportunity costs as talent ...
#3
The mass migration of talent --- from board members and top management to frontline staff --- from SP Setia to Eco World since the PNB takeover of the former in 2012 has stunned industry ...
#4
SP Setia’s leadership crisis demands quick action from majority shareholders PNB but they have been slow to react. Is a mega merger on the cards or are there other forces at play?
You must be logged in to post a comment.