Jollibee snaps up Tim Ho Wan dim sum chain for RM66m

Quick Summary:

KUALA LUMPUR, Nov 7 — Jollibee Foods Corporation, the parent company of Philippine fast-food giant Jollibee, said it has...

In addition to the Tim Ho Wan acquisition, Jollibee has expanded globally, taking control of South Korea's Compose Coffee in July and acquiring The Coffee Bean & Tea Leaf for US$100 million (RM435 million) in 2019.

The completion of the transaction is subject to closing conditions, after which Tim Ho Wan will be integrated into Jollibee's portfolio and financial reports.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaHong KongSouth KoreaPhilippines

Topics: Tim ho wan Jollibee

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 10:10:11 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 188 words

Reading Time: 2 minutes read

Sentences: 11 lines

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Copyright Owner: © Malay Mail

News ID: 23458916

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