HOMEGROWN fast-food giant Jollibee Foods Corp. (JFC) on Friday said that it had completed the acquisition of Tim Ho Wan Holdings Pte. Ltd. (TPL), the owner and operator of Chinese food chain Tim Ho Wan.
In a disclosure, JFC recounted that it had entered into a share purchase agreement with Titan Dining Group Ltd., a subsidiary of Titan Dining LP (Titan Fund), for the acquisition of more than 166.4 million shares of Tim Ho Wan Holdings by JFC's wholly owned subsidiary, Jollibee Worldwide Pte. Ltd (JWPL).