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?