Jaya Grocer has 40 stores across Peninsular Malaysia, with the majority being located in the Klang Valley near Kuala Lumpur.
Self-styled “superapp” Grab is acquiring one of Malaysia’s largest premium supermarket chains, Jaya Grocer, for an undisclosed amount.
In a Dec 13 filing with the US Securities and Exchange Commission, the Nasdaq-listed company said its subsidiary has entered into a share purchase agreement (SPA) to acquire all of Jaya Grocer's ordinary shares and 75% of its preference shares.
