Questions aplenty over PNB’s bid to control SP Setia

Tan Sri Liew Kee Sin, the chief architect of one of Malaysia's largest listed developer SP Setia Bhd, is faced with his biggest test - possibly ever. A highly volatile environment, a global economic slowdown cranking up the pressure on property prices as well as demand and thinning margins, all of which have led to property counters suffering a beating on the local bourse.

And this - some of his peers in the property sector appear to be exiting their long-held and hard-fought investments. Even so, they pale by comparison to what could possibly be a Catch 22 situation which Liew found himself in over the week.