KUALA LUMPUR (June 12): S P Setia Bhd shares slumped as much as 27 sen or 8% to RM2.93 after Datuk Seri Anwar Ibrahim said Malaysia will have to investigate the UK's Battersea Power Station property project in London. Anwar said Malaysia government-funded deals which are considered dubious will have to be investigated.

"Yes, that includes Battersea. Because they (the deals) were made using state funds. We have to be convinced that this was the right investment decision and that there was no political influence or direction [within Malaysia]," The Guardian quoted Anwar as saying.

Battersea Power Station's website indicates that the project is driven by backing from Malaysia-based entities S P Setia, Sime Darby Property Bhd and the Employees Provident Fund.

At Bursa Malaysia today, S P Setia shares were traded at RM2.95 at 11.59am with some five million units done.

Sime Darby Property shares fell as much as nine sen or 7% to RM1.20. At 12.11pm, Sime Darby Property shares were transacted at RM1.21 with about four million units changing hands. — theedgemarkets.com

For more stories, download EdgeProp.my pullout here for free.

SHARE
SPONSORED CONTENT
Maris and The Lume spell the Andaman standard in luxury high-rise coastal living in Penang

Whether it’s the marina-edge vibrancy of Maris, where panoramic sea views meet urban ease; or the resort-style tranquillity of The Lume, where space, privacy, and timeless design reign, these developments reflect the highest standards of craftsmanship and liveability.

read more
RELATED POSTS
  1. S P Setia appoints Tan Hwa Min as deputy CEO and Datuk Yuslina Mohd Yunus as chief operating officer
  2. Setia4Malaysia Unity Run and Unity Fests 2025 bring together over 2,500 participants across Malaysia, Vietnam and Australia
  3. Kampung Baru development to bring benefits without compromising dignity, rights and history, says Anwar