Wonder PNB knew this could happen 10 months ago when they launched their hostile takeover.

seriously wat bother me is.... despite the land banks he still sell off the co., meaning to say he is converting "property" into cash, and then start small (relatively).

maybe he foresees bubbles?? sigh...

Coz it will amount to restraint of trade, u cannot stop another human from using his skills and expertise sumwhere else to make money for himself. PNB gone nuts la, why the hostile takeover? plus the chairman is also ex-CJ , i think there is alot of govt interference in the running of the company, that pisses him off as hes losing the control of the ship. But now the CFO also leaving ( hes expected to bcome the new CEO), i think SP Setia going down the road of maybank and rhb, without key personel. Property sector so uncertain now, SP setia in deep shit la. good time to buy its priced down shares now

Lets take a grain of salt of TS's second hand story. Maybe it's exaggerated. Maybe it's not 200. Maybe it's the older employees who started together with the founders and are taking the time to retire anyway.

thanks for enlighten me! long tym didnt open my books dy, reallly there are exceptions to it

U meant before SP Setia gotten this big, there is some sort of "dealing with the devil" going on ?

Its already expected la.

This perbadanan Nasional think they can buy success from other people like what RHB did with UMBC, Bank Bumi did with Southern Bank ah? You need to earn it one.

And its obvious la even though Setia is a multi racial co, Perbadanan will flood Setia with the majority pipu (u know who la)...

Last time when Boustead bought over BP's petrol station biz and turn it into BHP, they promote all their own people, leaving existing personnel cause massive exodus..

All the Setia must be going to Ecovest.

Its not my mindset but the general perception that the construction industry is heavily reliant on foreign (cheaper) labour.  Granted some more technical areas requires people with higher skills.

Perhaps SP Setia employs qualified 'Wire Men' to do the wiring.  But this is hardly a competitive advantage.  In Property, key success factor is Land Bank.  Unless PNB screwes up BIG TIME, Setia Walk, Setia Eco Park will continue to draw buyers in the future.

You cannot make Land.  Granted Liew will have connections to get Land but will the location be as good?  Granted he had foresight to buy the Land from See Hoy Chan back then but to replicate such success again will not be so easy.

i was not arguing on Liews foresight

in general what im saying is this, what happen to Liew in 90-96 is akin to any /k/tard with some experience walking into top glove and asking "eh bro u got CEO job ar" and get it.

if you ask me that doesnt sound entirely right

Yep, he has a Grand Vision for Setia Alam and Setia Eco Park, Thought there should still be land enough to develop for > 5 years.
I thought Liew inherited the Company from his dad.  SP Setia developed Pusat Bandar Puchong and build their good track record from there. Of course, Setia Alam / Setia Eco Park was their turning point.

If SP Setia had no 'Land Bank' there will be no 'Master Plan / city inside green lung' to speak off. Don't get me wrong, I give full credit to Liew for his Vision and Drive.

Lets see whether he can replicate it in Eco World.

i heard some rumours la, but like any rumour well its best kept for mamaks 

to be fair, i think its less hostile than what the papers made it up to be. Liew had ample time to plan, PNB even gave him an opportunity to build up another competitor and leave.

i mean media aside, it doesnt seem like a hostile takeover where things are really bad and ugly.