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Southeast Asia’s SuperApp, Grab, to acquire Malaysia’s premium grocery chain Jaya Grocer shortly after Nasdaq-listing

December 16, 2021
Grab is acquiring premium supermarket chain Jaya Grocer. According to a filing with the US Securities and Exchange Commission (SEC), Grab said it will acquire all of the ordinary shares of Jaya Grocer and 75% of the preference shares of Jaya Grocer. This comes less than two weeks after the company’s Nasdaq listing and according to The Edge Markets, the deal is valued to be up to RM1.8 billion.
CDPI Emerging Markets