Share
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.
TOP PICKS BY EDGEPROP
Bayan Lepas Industrial Park
Bayan Lepas, Penang
Taman Perindustrian Batu Kawan
Batu Kawan, Penang
Taman IKS Bukit Minyak
Bukit Mertajam, Penang
Taman Perindustrian Batu Kawan
Batu Kawan, Penang
Perindustrian Bukit Minyak
Simpang Ampat, Penang
Bandar Baru Sungai Buloh
Sungai Buloh, Selangor
HillPark Avenue @ Puncak Alam
Puncak Alam, Selangor
i32 Puchong Industrial Park
Puchong, Selangor
SS 21, Damansara Utama
Petaling Jaya, Selangor
