SPSETIA leads for PICC project in Penang

• Leading candidate for 30 years concession to build & operate Penang International Convention Center.
• Include components like hotel & retail outlets. Likely to cost over RM200mill.
• 17/1/11 - SPSetia won this project.
• Project PICC is likely take >2-3 years to complete.
• SPSetia is in the midst of securing a 40-acre piece of land in Bangsar from the Govt in exchange for land in Setia Alam.

SPSETIA : Target price RM7.23