The Teng family, best known as the founders of the Giant retail chain from which they divested in 1999, will continue to manage and majority-own the Jaya Grocer high-end supermarket retail chain.
Retail industry officials said that the Teng family will continue to hold 55% of Jaya Grocer, while a private equity fund, the Asean Industrial Growth Fund (AIGF), will own the remaining 45% stake.
AIGF is the fund manager of the one-year old fund, which is 45% owned by CIMB Private Equity, 45% by Mitsubishi while the Development Bank of Japan owns the remaining 10%.
The Teng family has confirmed AIGF’s entry as a substantial shareholder in Jaya Grocer.
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Retail industry officials said that the Teng family will continue to hold 55% of Jaya Grocer, while a private equity fund, the Asean Industrial Growth Fund (AIGF), will own the remaining 45% stake.
AIGF is the fund manager of the one-year old fund, which is 45% owned by CIMB Private Equity, 45% by Mitsubishi while the Development Bank of Japan owns the remaining 10%.
The Teng family has confirmed AIGF’s entry as a substantial shareholder in Jaya Grocer.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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