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Nov 24, 2021 · Jaya Grocer’s founder — the Teng family — has bought back its entire stake in Jaya Grocer from AIGF Advisors Pte Ltd, according to a statement issued by the fund on Wednesday.
Dec 14, 2021 · Late last month, Jaya Grocer's founder, the Teng family, reportedly had bought back its entire stake in Jaya Grocer from AIGF Advisors Pte Ltd.
Feb 23, 2024 · Jaya Grocer, a household name in Malaysia, was started by the Teng family in 2007 as a good value supermarket grocer to meet the discerning appetite of Klang Valley residents for quality fresh produce and household goods for their everyday needs. Its first store was opened in Jaya 33 in Petaling Jaya, but it has since expanded to 36 outlets.
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 Garden, Bangsar. The family also founded the Giant grocery store.
The chain was founded in 2007 by the Teng family, aiming to establish a premium supermarket brand. The family previously founded the Teng Minimarket Centre in Bangsar and the Giant supermarket chain before selling both retailers to Hong Kong-based DFI Retail Group.
Dec 14, 2021 · The transaction comes just 17 days after Jaya Grocer announced that its founders, the Teng family, have bought back their entire stake in Jaya Grocer from AIGF Advisors Pte Ltd, which gave the Teng family full control of the business.
Feb 24, 2024 · Teng’s family founded Jaya Grocer in 2007 with the first store opening in Jaya 33 in Petaling Jaya, Selangor. The company was then sold to Grab Holdings Ltd (Grab) in 2021. According to Jaya Grocer’s website, the company currently operates 35 outlets nationwide.
