MALAYSIA-PRESS-S P Setia to invest more in Australia, UK projects-The Edge

Reuters

S P Setia Bhd plans to continue investing inAustralia and London, in line with its policy to have half ofits sales coming from overseas projects.

According to S P Setia president and chief executive officer(CEO) Liew Kee Sin, the company expects 40 percent of its salesto come from its international properties this year.

"Five years ago, I adopted this policy in S P Setia that weshould have 50 percent of our sales from overseas. If Malaysiaslows down, then overseas (sales) will drive us, so that policyis coming true".

"We are looking for more sites in Melbourne but it is noteasy to find a good site in a good location... about 300 to 400units will be perfect," he told reporters on Monday after thegroundbreaking ceremony of its second project in Melbournecalled Parque.-The Edge.

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NOTE: Reuters has not verified this story and does not vouchfor its accuracy.

(Reuters)

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