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CORPORATE PROFILE

History of Setia Precast Sdn Bhd

The history of S P Setia's involvement in prefabricated construction dates back since 1982 when it teamed up with Taisei Prefab and Marubeni of Japan to undertake mass construction of prefabricated houses for a PKNS development in Shah Alam. The turnkey project involved the design and construction of 4,580 units of 5-storey medium cost apartments.

A joint venture was formalized on 17 June 1995 with the establishment of Pakar Precast Components Sdn Bhd, between Taisei Prefab Construction Co. Ltd. (Japan) and S P Setia Bhd. On 25 June 1998, the joint venture company changed its name to Setia Precast Sdn Bhd. In September 2001, S P Setia bought over the shares held by Taisei Prefab, making Setia Precast its wholly-owned subsidiary. Setia Precast continues to maintain close relations with Taisei Prefab through technical cooperation and exchange.

Over the years, Setia Precast has built a recognizable presence as the leader in prefabricated construction with successful large-scale construction schemes in Petaling Jaya, Klang, Seri Kembangan and Ampang. To date, S P Setia has built more than 35,000 units of prefabricated residential units in the country including about 5000 units of government apartments in Putrajaya.

Principal Activity

The Company is a specialist contractor for the construction of buildings using precast technology and associated works.

Share Capital

The present Authorized and Issued and Fully Paid-Up Share Capital of Setia Precast comprises RM10,000,000.00 ordinary shares of RM1.00 each.