'Hold' call placed on SP Setia shares

'Hold' call placed on SP Setia shares

 KUALA LUMPUR: Maybank IB Research placed a 'hold' recommedation on SP
Setia Bhd shares with its RM3.38 target price now under review given the
earlier-than-expected departure of its three senior executives.

Co-founder
President & Chief Executive Officer (CEO) Tan Sri Liew Kee Sin,
Chief Financial officer (CFO) Datuk Teow Leong Seng and non-independent
non-executive director Tan Sri Lee Lam Thye tendered their resignations
on January 21, but current Chief Operating Officer (COO), Datuk Voon Tin
Yow will assume the role of acting CEO for one year from May 1 to Apr
30 next year.

Read more: 'Hold' call placed on SP Setia shares http://www.btimes.com.my/Current_News/BTIMES/articles/20140122165643/Article/index_html#ixzz2rBsw6Aon

http://klse.i3investor.com/servlets/stk/chart/8664.jsp

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