I & P
Also known as I & P Group Sdn. Berhad, I&P Group Sdn Bhd
What we found
SP Setia agreed in 2017 to buy I&P Group from PNB and AmanahRaya Trustees for RM3.65 billion cash, at a stated 39% discount to I&P's adjusted unaudited net asset value.
The evidence
Corporate continuity
A 2014-era Edge article on the group's management records that I&P's MD Datuk Jamaludin Osman was retiring on April 30 and was succeeded by Yuslina Mohd Yunus.
2 more findings
A PropertyGuru developer profile describes I&P Group Sdn Berhad as a wholly-owned subsidiary of S P Setia Berhad.
A later profile lists I&P Group Sdn Bhd as acquired by SP Setia with an operating status shown as closed, though this is a third-party data aggregator's status field and not a registry filing.
