PNB manage people money in ASN, ASB and AS++ and money not belong to one race only. As a cash rich investment arm they bought SPS Setia share in open market to become majority share holder. For me this is legitimate action by PNB to buy a lot of company share if they believed in the potential of the company to generate income and because of huge asset like land bank in SP Setia. So of course the founder LKS not happy with the move but PNB manage to keep LKS and his liutenant to stay with the company and run Battersea project JV with EPF and Sime Darby. So this is not a shocking story and I'm sure if a lot of people resign its much easy for the company to merge with other company under PNB flagship like I & P or UEM. Last time UEM merge with Sunrise and now become UEM Sunrise without any problem in term of management and delivery of project quality. Merge is good for PNB if they want to minimise overhead cost in it normal in corporate world nowadays.