Jollibee Meals Company has totally acquired Tim Ho Wan, taking up the remaining 8 % of the Hong Kong restaurant enterprise for SG$20.2 million (US$15.1 million).
Since January this 12 months, Jollibee has held a 92 % stake at Titan Fund, the proprietor and supervisor of Tim Ho Wan.
In a inventory change submitting, JFC stated its subsidiary Jollibee Worldwide signed an settlement with Titan Fund to accumulate the remaining minority stake.
Based in 2009, Tim Ho Wan now has 80 shops throughout 11 international locations. It is going to be Jollibee’s flagship model for its Chinese language delicacies phase.
Other than its dimsum, Tim Ho Wan can be recognized for barbecue pork buns, steamed rice roll filled with barbecue pork, pan fried turnip cake, and steamed egg cake.
