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Jollibee buys Tim Ho Wan’s franchise in Asia Pacific

Jollibee Foods Corporation (JFC), a Manila-listed fast-food giant, announced to acquire the master franchise of Tim Ho Wan in the Asia Pacific region, excluding Hong Kong, by investing S$45 million (US$33.7 million) with the Michelin-star dim sum restaurant chain’s owners. On Wednesday, JFC announced that it will invest S$45 million in a private equity fund Titan […]