berhadContents
SP SETIA BERHAD ..................................................................................................................................... 1 RECENT ISSUES ......................................................................................................................................... 3 GENERAL ENVIRONMENT ANALYSIS .................................................................................................. 4 TASK ENVIRONMENT ANALYSIS .......................................................................................................... 6 1. 2. 3. 4. 5. Threat of New Entrants .................................................................................................................. 6 Rivalry…show more content… 2011
The Setia App, a lifestyle application for smartphones and smart devices was launched in March
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RECENT ISSUES
Permodalan Nasional Bhd (PNB), the government company that supervise more than RM190 billion of local and foreign assets, has made a mandatory take over offer to acquire SP Setia, where they offer a price of RM3.90 per share on September 2012. PNB made the offer after capture 33.17% of the equity in SP Setia, thus surpassing the 33% minimum that requires it to make a mandatory takeover offer (MGO). However, SP Setia has put a benchmarked price of RM4.50 to RM5.00 per share compared to RM3.90 per share that has been offered early. PNB was then bought 23.5 millions shares of SP Setia in an open market with the price of RM3.868, about 4 cents lower than their offer price. The possibility of PNB to make SP Setia as a private company is very thin as the move would only shrink the value of the company. The illiquid share issue faced by SP Setia during the year of 2012 has given an impact to their share price. The share price was closed at RM3.09 per share on 31st December 2013, compared to RM3.85 at the beginning of the year. The company then took an exercise to place out up to 15% of the company's issued and paid-up capital. Some industry analysts predict that local institutional funds would be interested in the placement for some
