Bloomberg News

PNB Makes Offer for SP Setia at 3.90 Ringgit/Share, Edge Reports

September 28, 2011

Sept. 28 (Bloomberg) -- Permodalan Nasional Bhd., a Malaysian state asset manager, made a takeover offer for property developer SP Setia Bhd. at 3.90 ringgit per share, the Edge reported online, citing Maybank Investment Bank Bhd.

This is a premium of 21.5 percent above the stock’s five- day volume-weighted average price of 3.21 ringgit, according to the report. SP Setia’s shares were suspended today.

To contact the editor responsible for this story: Barry Porter at

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