S P Setia has issued a statement denying a media article speculating that there could be a leadership change this week of Datuk Choong Kai Wai leaving the group.

The developer said the President and CEO of S P Setia will continue to be part of the group and will continue to bring valuable leadership and experience to the organisation. it added that the group will remain committed to achieving the strategic initiatives under Datuk Choong's guidance and looks forward to his continued contributions to the company.