S P Setia on lookout for partnership, more land

KUALA LUMPUR: S P Setia Bhd said it was on the lookout for strategic partnerships and opportunities to increase its land bank.

It said on Thursday, Aug 4: "Whilst S P Setia continuously assesses possibilities for strategic partnerships and landbanking opportunities, we wish to clarify that we are not currently in any acquisition / takeover talks with Eastern and Oriental Bhd (E&O) or its shareholders."

The property company was responding to an article in The Edge Financial Daily on Tuesday entitled "E&O shares climb further on takeover talk".

The article also reported that S P Setia was among those rumoured to be keen on buying into E&O for its prime landbank in Penang.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.