This transfer will be made through Jollibee’s subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), which will take over 100 percent of Tim Ho Wan Holdings from Titan Fund.
Jollibee has held a 92-percent stake in Titan Fund since January 2024, so it will pay only 20.2 million Singapore dollars for the remaining 8 percent to complete the acquisition.
Tim Ho Wan, famous for its Michelin-starred Hong Kong dim sum, was founded in 2009 by Chef Mak Kwai Pui and Chef Leung Fai Keung. Known as one of the world’s most affordable Michelin-starred eateries, its original Hong Kong location held a Michelin star from 2010 to 2021.
Tim Ho Wan, with 80 locations across 11 countries, will become Jollibee’s flagship brand for Chinese cuisine.
JFC earlier said global expansion efforts will focus on segments such as Chinese cuisine, coffee and tea.
Last August, it acquired a 70 percent stake in South Korea’s Compose Coffee, which has over 2,000 stores, for $340 million.
