The origins of the See Hoy Chan Holdings Group and its member groups, Bandar Utama City Corporation Group and First Nationwide Group, are better understood by scrolling down the past decades, starting with the name ‘See Hoy Chan’ or literally mean ‘a warehouse full of wealth across the four seas’ in English.

The late Dato’ Teo Hang Sam (1897-1965), the founder of See Hoy Chan Group (picture below) , was a young man with a big dream when he left Guangdong province in China for Malaya in 1928. He dreamt of establishing "a warehouse full of wealth across the four seas". He first peddled in groceries and then went on to open a stall selling eggs in Kuala Lumpur. During the pre-war year of 1938, he founded See Hoy Chan when he set up a sundry store in Kuala Lumpur.

From the humble beginnings of a sundry store, he then ventured into import and distribution of rice, sugar, flour and other household staples and these businesses, ironically, flourished during the Japanese occupation of Malaya. With thrift and hard work, he expanded his business interests beyond the shores of Malaya to Burma, Thailand and Singapore. His nickname ‘Rice King of Malaya’ said it all.

Dato' Teo Hang Sam - "Rice King of Malaya"

In 1960s, he ventured into rubber plantations and later diversified his business interests to include property development, insurance and the rest is history.

The late Dato’ Teo Hang Sam left behind his legacy in these businesses which were later amicably divided amongst his family. The name ‘See Hoy Chan’ is now a household name associated with entrepreneurial excellence.


Our Present Group

The late Dato’ Teo Hang Sam’s legacy still lives on in See Hoy Chan Holdings Group and companies that have grown and grouped into what is today known as the See Hoy Chan Holdings Group, Bandar Utama City Corporation Group and First Nationwide Group, conglomerates with diversified business interests under the leadership and direction of the late Dato’ Teo Hang Sam’s son, Tan Sri Dato’ (Dr) Teo Soo Cheng, the Chairman of the See Hoy Chan Holdings Group. With his keen foresight, vision and entrepreneurial skills like his father, he dominated the property scene in Selangor. The Groups’ property division, Bandar Utama Development Sdn Bhd, is one of the first property developer to embrace the ‘build-then-sell’ concept advocated by Malaysia’s Ministry of Housing and Local Government. For his vision and stewardship in directing the growth of the Groups from its first property development, Paramount Garden in Petaling Jaya, to the successful establishment of its ambitious award-winning green township - Bandar Utama, Tan Sri Dato’ (Dr) Teo Soo Cheng was presented the FIABCI Property Man of the Year Award 2002 in recognition of his lifetime achievements.
    
Today, See Hoy Chan Holdings Group, Bandar Utama City Corporation Group and First Nationwide Group have emerged as the forerunners, having successfully ventured into plantations, leisure (recreations), world-class business and commercial centres, retails, property leasing, financing, hospitality (hotel), education and car-for-hire. The Groups have every reason to be proud of their many achievements and innovations, and the many awards and recognitions earned are testimony of the Groups’ excellent records.