WebJaya Grocer General Information. Description. Operator of a chain of supermarkets in Kuala Lumpur, Malaysia. The company offers a wide array and deep assortment of imported products on the shelf, fresh produce and groceries, seasonal food products and organic, gluten-free food for health-conscious customers, enabling them to get quality household … Web24 Nov 2024 · Jaya Grocer marks a significant milestone for AIGF, showing our commitment in creating value for both our partners and our investors. We are pleased to have had such great partners in the Teng family and we would like to wish the family and Jaya Grocer all the best for their future plans.” About Jaya Grocer
Why Grab bought Jaya Grocer - Tech in Asia
Web14 Dec 2024 · KUALA LUMPUR, Dec 14 — Grab is reportedly buying Malaysian premium grocery store chain, Jaya Grocer. According to sources, it is acquiring the business for … Web3 May 2024 · Jaya Grocer was founded in 2007 by the Teng family with the aim of establishing a premium supermarket brand. Yew Huat’s father, Teng Sek How, opened his first sundry shop in 1944 in Jalan Sentul, Kuala Lumpur, and, later, Yew Huat and his brothers opened the well-known Teng Minimarket Centre, popularly known as TMC, in Lucky … new cars under ten thousand
New premium grocer coming to town in the midst of a pandemic
Web5 Jan 2024 · Navis Capital Partners owns Village Grocer and BiG while Jaya Grocer is backed by CIMB Group Holdings Bhd and Mitsubishi Corp’s Asean Industrial Growth Fund. ... The newswire reported that the Teng family, who founded the supermarket, and the Asean Industrial Growth Fund, are working with an adviser on the potential stake sale. ... Web24 Nov 2024 · 24 November, 2024. ASEAN Industrial Growth Fund (AIGF), a Southeast Asia-focused private equity firm sponsored by Japanese conglomerate Mitsubishi Corporation, has exited Malaysian supermarket brand Jaya Grocer (JG), thereby selling its stake back to the company’s founding family. Financial details of the deal were not disclosed, but Daniel … Web31 Jan 2024 · Teng Yew Huat, founder of Jaya Grocer, said Grab’s strong track record and performance gave him confidence that it was the right partner to take the grocery chain to new heights. new cars upcoming