Metrojaya was incorporated in Malaysia on
December 31, 1974 under the name of Metrotex Sendirian Berhad. The company
changed its name to Metroraya Sendirian Berhad on May 25th, 1975 and
subsequently to Metrojaya Sendirian Berhad on February 10, 1976. On June
28, 1990, the company was converted to a public company and became
Metrojaya Berhad. The company was then admitted to the Official List of
the Main Board of the Kuala Lumpur Stock Exchange on January 9, 1991. On 25
March 1994, the Company became a subsidiary of Pan Malaysian Group
Industries Berhad ("PMI"). Subsequent to further acquisitions of
shares in the Company, the PMI Group increased its equity interest in
Metrojaya Berhad to approximately 91.06% and pursuant to paragraphs
8.15(5) and (6) of the Listing Requirements of Bursa Malaysia Securities
Berhad, the Company's shares were removed from the Official List of Bursa
Securities with effect from 9:00 am, Friday, 31 March 2006. On 14 August
2007, the PMI Group sold its entire equity holdings in Metrojaya Berhad to
Malaysia United Industries Berhad ("MUI") and the Company became
a subsidiary of the MUI Group. Metrojaya Berhad currently has an
Authorised Share Capital of RM300,000,000 ordinary shares of RM1.00 each
and an Issued and Paid up Capital of RM126,000,000 ordinary shares of
RM1.00 each.
Metrojaya commenced business operations in
September 1976 with the opening of its pilot Department Store with an area
of 18,350 sq ft at the Pertama Complex, Jalan Tunku Abdul Rahman in Kuala
Lumpur. Since the opening of this first store, the Metrojaya chain has
grown from strength to strength with a present total number of seven department stores covering a total floorspace of approximately one million
sq ft. It is a leading Department Store operator in Malaysia, offering a
wide range of fashion lifestyle apparel and merchandise to an ever
widening base of loyal and valued customers.
The company has successfully ventured into
the specialty stores sector with the debut of "Toys 'R' Us" in
October 1987, "East India Company" in November 1989,
"Reject Shop" in July 1990, "Living Quarters" in
August 1994, "Somerset Bay" in August 1994, "Cape Cod"
in 2005 and conducted the operations of the La Senza Girl franchise from January
2002 through to 2005. The company has also ventured into
the hypermarket sector through the Cosmart hypermarket in Bukit Jambul,
Penang which opened in 1997, and into the Fashion Concept Store sector
through the first MJ by Metrojaya store opened at The Curve Mutiara
Damansara in May 2006. On December 2009, it opens it's first Department
Store in East Malaysia at the Suria Sabah Shopping Centre.