Malaysia's Securities Commission (SC) has turned down a ruling application filed by the joint offerors of SP Setia Bhd, with the offerors having no plans to appeal the ruling, accordingt to StarBiz.

However, the decision did not affect the joint offer made by SP Setia founder Tan Sri Liew Kee Sin and Permodalan Nasional Bhd (PNB) for the rest of the company's share.

"Notwithstanding the above, the terms and conditions of the revised offer remain unchanged as per the notice," said SP Setia.

Last month, Liew and the PNB were the joint bidders for the property giant. They raised the offer from RM3.90 per share and 91 sen per warrant, to RM3.95 per share and 96 sen per warrant.

SP Setia said that documents for the revised offer will be despatched in two days after it has been cleared by the SC.

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