Liew exercises option to sell 67.79m SP Setia shares to PNB

KUALA LUMPUR: SP Setia Bhd's outgoing president and chief executive officer (CEO) Tan Sri Liew Kee Sin has exercised his option to sell a 2.76% stake in the property company to Permodalan Nasional Bhd (PNB).

SP Setia said on Friday it had received notice from Liew about his exercising of the shares under the put option, dated Jan 20, 2012, requiring PNB to purchase from him 67.79 million shares or three seventh of the shares he held then.