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Grab Holdings to Acquire Malaysian Supermarket Chain Jaya Grocer

Grab riders pick up deliveries from a restaurant in Kuala Lumpur, Malaysia.

Grab riders pick up deliveries from a restaurant in Kuala Lumpur, Malaysia.

Photographer: Samsul Said/Bloomberg

Grab Holdings Ltd., a unit of Southeast Asia’s largest ride-hailing and delivery group, is buying Malaysia’s top premium grocery chain Jaya Grocer Holdings Sdn., according to filing with the U.S. Securities & Exchange Commission.

The Singapore-based Grab signed an agreement with the shareholders of Jaya Grocer to buy all of the grocery chain’s ordinary shares and 75% preference shares for an undisclosed amount. Grab has the option to buy the remaining preference shares after the deal closes, according to the filing dated Dec. 13.