SC gives nod for PNB takeover offer of S P Setia

KUALA LUMPUR: Property developer S P Setia Bhd announced on Friday, Oct 14 that the Securities Commission has approved Permodalan Nasional Bhd's (PNB) conditional takeover offer of the company.

Maybank Investment Bank Bhd, which is acting for PNB, is required to inform the Securities Commission upon completion of the offer, said S P Setia in a filing to Bursa Malaysia on Friday.

PNB, which has a 33.2% stake in S P Setia, offered RM3.90 per share. — Bernama

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