S P Setia terminates JV agreement with PPH Resorts
PETALING JAYA: Setia Promenade Sdn Bhd, a wholly owned subsidiary of S P Setia Bhd, has terminated a joint-venture agreement with PPH Resorts (Penang) Sdn Bhd for the proposed development of a 45-acre freehold land in Penang Island, citing among other reasons, failure of common purpose of the agreement.