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JFC to take full control of Tim Ho Wan
The Philippine Star
|November 06, 2024
Asian food conglomerate Jollibee Foods Corp. (JFC) is taking over the management and ownership of Tim Ho Wan.
In a stock exchange filing, JFC said it has signed an agreement with a subsidiary of Titan Dining LP (Titan Fund) for the transfer of ownership and management of the Tim Ho Wan business to Jollibee Group's wholly owned subsidiary, Jollibee Worldwide Pte. Ltd (JWPL).
According to the company, the transaction will be effected through the transfer of ownership of 100 percent of Tim Ho Wan Holdings Pte. Ltd. (TPL) from a subsidiary of Titan Fund to JWPL.
This story is from the November 06, 2024 edition of The Philippine Star.
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