11-08-2021, 09:39 PM
Jolibee Foods Corporation (JFC) is buying out its remaining partners in the fund that owns Michelin-starred dimsum restaurant Tim Ho Wan.
JFC’s subsidiary, Jolibee Worldwide, will purchase the remaining 15 per cent owned by other investors in Titan Dining (the private equity fund that owns the Tim Ho Wan brand and stores). This represents S$71.56 million (US$52.7 million) of the shares.
Tim Ho Wan operates 53 stores in Asia, including Singapore, Taiwan, and Hong Kong.
In Singapore, it has 10 outlets, serving popular dim sum delights including its baked BBQ pork buns, shrimp dumplings, and Hong Kong style egg tarts.
More at https://tinyurl.com/nkxwydyk
JFC’s subsidiary, Jolibee Worldwide, will purchase the remaining 15 per cent owned by other investors in Titan Dining (the private equity fund that owns the Tim Ho Wan brand and stores). This represents S$71.56 million (US$52.7 million) of the shares.
Tim Ho Wan operates 53 stores in Asia, including Singapore, Taiwan, and Hong Kong.
In Singapore, it has 10 outlets, serving popular dim sum delights including its baked BBQ pork buns, shrimp dumplings, and Hong Kong style egg tarts.
More at https://tinyurl.com/nkxwydyk
Pinoy dim sum chain…got balut?