Bandar Utama Development Sdn Bhd
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.