S P Setia Berhad is a Malaysia-based investment holding company. The Company is engaged in business as building contractors. Its subsidiaries are engaged in property development, property investment holding, project management, club operation, road contracting, building contracting, prefabrication, installation, sale of wood products, and provision of kiln dry services. It operates under three segments: property development, which develops properties; construction, which covers building and infrastructure construction, and others, which covers manufacturing, trading and investing. The Company's operations are primarily carried out in Malaysia. In February 2010, Kewira Jaya Sdn Bhd, a wholly owned subsidiary of the Company, acquired Kay Pride Sdn Bhd. On September 15, 2011, it acquired Gita Kasturi Sdn Bhd. On November 10, 2011, the Company acquired Intra Hillside Sdn Bhd.
OneMillionWhile the share price might continue to slide on expectations of more senior staff departures, many believe the company will not ‘collapse’ without Liew. “It will be less entrepreneurial for sure, but it won’t collapse as there is still momentum which has been built over the years. It takes quite a while to destroy a brand,” says an analyst.“The transition can be quite painful but as long as the new key management team does not shoot itself in the foot, the company should be alright. We have seen other companies which lost their charismatic leaders but went on to become stronger. It boils down to the capabilities of the rest of the team members. For example, Sunrise Bhd continued to do well financially three years after the takeover by Khazanah Nasional Bhd-owned UEM Land Holdings Bhd in 2010 despite losing the entrepreneurial Datuk Tong Kooi Ong.