Jolibee buys out partners to fully own Michelin-starred dim sum chain Tim Ho Wan

[Johnrambo]

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://tinyurI.com/nkxwydyk

 

[kaninabuchaojibye]

heng ah
i don't eat thw
now fully owned by chaopinoy cockroaches , wont even want to patronise
haaaa

 

[gingerlyn]

heng ah
i don't eat thw
now fully owned by chaopinoy cockroaches , wont even want to patronise
haaaa

Tim Ho Wan and Ding Tai Fong are all owned by fuckers

 

[red amoeba]

So THW will be crammed full of Pinoys ? Will we soon have a Manila variant ?

 

[no_faith]

So thw menu will have pinoy timsum?

 

[syed putra]

It will be interesting to see if tghse big chains can compete with local boys who are accustomed to local flavour.

 

[laksaboy]

Hope they also buy out Din Tai Fung.

 

[laksaboy]

The Pinoys should bring more of their restaurants here.

https://ricoslechon.com/