Hahahaha! Mana ada, 1 person and all the peanut followers...are active..

Congrats to you too bro!

I am sure the option to exercise the selling rights will have an expiry date which may not necessarily coincide with the resignation date. Nonetheless, LKS is only leaving effective 30 April 2014 if m not mistaken.

Yeah, remember reading on the Edge on mistake made by PNB; no incentive for LKS to work harder as he's compensation is not performance based - i.e.: he can sell to PNB at fixed price or market based on whichever is higher basis.

Exactly, all large corporations have exodus of staff - not just at top, even in between when someone leaves the faithful staff leaves - this happens everywhere and i am certain there will be a succession plan - only question is will it be as successful as LKS can be.

Actually, ppl keep questioning what sp setia will be without LKS

Should ppl think another questioin. Will Eco world as success as sp setia in future?

This post has been edited by Rabel: Jan 21 2014, 09:05 AM

Disagree.
No chair can be stable without 4 legs - similarly, no company / cabinet can be successful without the team / ministers.
Then again, excellent leader motivates and creates excellent team - if he takes all the prodigy then, the company is in a dangerous situation - but, as said, some plan will be in place, whether successful or not - to be seen.

This post has been edited by darween13: Jan 21 2014, 10:23 AM

This is true given that the new leader is as inspiring as the previous one - then again the spirit may not be the same as LKS is founder and now new leader is more of one that is capable - but, you never know till you empower someone to do the job. Just like LKS, we may have another that will groom the company in different ways.

so, are you guys still comfortable or not with him leaving?
i mean the impact to the project :S

Temporarily, Datuk Voon has been elected to succeed Tan Sri for 1 year. This was agreed with the Board last year. I don't think there will be much impact on SEH project. As mention by many brothers here, the successful of Ecohill or EcoMajestic is very much depends on each others. I still think the project will be a successful 1.

As for future (1 year later), it is very much depending on the major shareholder in SP setia to decide who will succeed Datuk Voon for long term. Who knows if Datul Voon can do very well the board will allowed him to continue. I not too concern on the future as SP Setia already a very top developer.

No issue coz I dun think any impact to the existing projects.

Battersea project bleeding a lot mean EPF and Sime Darby also koyak. On this three JV partner who you believe pump a lot of money for Battersea project. Don't just assume something that u don't know bro. Battersea project sale is doing well with the blue chip company and government pension fund involve.

Bettersea project doing well I think. Selected some units (on behalf of co.) but before give confirmation within few days, units selected has been taken off. Hmmm... royal purchase.

Post budget 2014, most of property sales drop.The developer which plan to launch new project ,hold it to see the impact.Some just wait and see,same goes to the buyer due the imposed that introduce by MOF.
As for Mah Sing that you mention their sales is increase..this might be due to their new launching of their apartment with starting price from Rm300k.For land property, are their sales increase?sama maa.. or much less because their price is high.

Yes yes no impact...doesn't matter if 200 staff leaves within these 2-3 months and all the EVPs cabutz...is still always BBB time ya???

SP Setia is a GLC company and PNB is a majority shareholder. If 200 staff cabut and key personnel resign I'm sure PNB has a plan B maa..one possibility I&P and SP Setia merge if confirm a lot of SP Setia staff cabut.

taikor, in sp setia web site got allot of job vacancy loh.. good pay and 7% discount.

senior manager also got leh... want to joint or not...

Yes of course PNB has plan B and C..look at Pelangi Berhad which they took over previously....What a plan ya!!!!

and for ecohill only 3 postings?

taikor, sp setia hq going to setia alam mah..

high post kena kerja at setia alam loo