S P Setia Berhad (formerly Syarikat Pembinaan Setia Berhad) (MYX: 8664) is a Malaysian publicly traded company whose primary business is in property development. It is the largest such company, by sales, in Malaysia.[1] Its other businesses include construction, infrastructure, wood-based manufacturing, and trading. Its portfolio comprises townships, residential high-rises, commercial and retail as well as mixed-use development projects.
History
The group started out in 1974 as a construction company which was later led by a well-known property development figure, Liew Kee Sin in 1990 and was eventually listed on Bursa Malaysia in 1993. In 1996, S P Setia refocused its core business to property development with supporting businesses in construction and wood-based manufacturing.
In 2011/2012, Permodalan Nasional Berhad (PNB), Malaysia's state asset manager which was then under Tun Ahmad Sarji Abdul Hamid, took over S P Setia, joining the foray of acquisitions led by the government-linked companies in private property sector. Tan Sri Liew Kee Sin stepped down as the president and Chief Executive Officer (CEO) of S P Setia Berhad in 2014 and joined Eco World Development Group Bhd as a non-independent & non-executive director.