Speculation on PNB listing I&P put to rest

The new SP Setia will have a combined land bank of nearly 10,000 acres and a global branding with existing projects in Britain, Australia and Vietnam. (Filepic shows the PNB HQ building on the left in Jalan Tun Razak, Kuala Lumpur (left).On the right next to it is the Tabung Haji HQ building)

PETALING JAYA: SP Setia Bhd’s proposed acquisition of I&P Group Sdn Bhd puts it in pole position to lead the charge of parent Permodalan Nasional Bhd’s (PNB) vision of becoming a regional property player.

The new SP Setia will have a combined land bank of nearly 10,000 acres and a global branding with existing projects in Britain, Australia and Vietnam.