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2021-12-14
Why not buy dairy farm holdings instead... U will have tonne of grab pay users instantly.
Grab Holdings to Acquire Malaysian Supermarket Chain Jaya Grocer
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Grab has the option to buy the remaining preference shares after the deal closes, according to the filing dated Dec. 13.\nThe acquisition is Grab’s largest since it took control of Indonesian wallet provider Ovo earlier this year. The Southeast Asian internet giant has employed M&A sparingly since notably taking over Uber Technologies Inc.’s regional ride-hailing operations. The deal weeks after Jaya Grocer’s founder, the Teng family, bought back its entire stake in the chain from Southeast Asia-focused private equity investor AIGF Advisors Pte.\nJaya runs 40 stores across Peninsular Malaysia, with the majority being located in the Klang Valley area comprising of the capital city of Kuala Lumpur and richest state of Selangor. 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Grab has the option to buy the remaining preference shares after the deal closes, according to the filing dated Dec. 13.</p>\n<p>The acquisition is Grab’s largest since it took control of Indonesian wallet provider Ovo earlier this year. The Southeast Asian internet giant has employed M&A sparingly since notably taking over Uber Technologies Inc.’s regional ride-hailing operations. The deal weeks after Jaya Grocer’s founder, the Teng family, bought back its entire stake in the chain from Southeast Asia-focused private equity investor AIGF Advisors Pte.</p>\n<p>Jaya runs 40 stores across Peninsular Malaysia, with the majority being located in the Klang Valley area comprising of the capital city of Kuala Lumpur and richest state of Selangor. 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Grab has the option to buy the remaining preference shares after the deal closes, according to the filing dated Dec. 13.\nThe acquisition is Grab’s largest since it took control of Indonesian wallet provider Ovo earlier this year. The Southeast Asian internet giant has employed M&A sparingly since notably taking over Uber Technologies Inc.’s regional ride-hailing operations. The deal weeks after Jaya Grocer’s founder, the Teng family, bought back its entire stake in the chain from Southeast Asia-focused private equity investor AIGF Advisors Pte.\nJaya runs 40 stores across Peninsular Malaysia, with the majority being located in the Klang Valley area comprising of the capital city of Kuala Lumpur and richest state of Selangor. 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