Jollibee to Take Full Ownership of Tim Ho Wan

Jollibee Foods Corporation (JFC), the iconic Filipino fast-food giant, is set to fully acquire Tim Ho Wan, the renowned Hong Kong-based dim sum restaurant. This strategic move not only enhances Jollibee’s international presence but also positions it as a significant player in the growing Chinese cuisine market.

The Deal: A Step Forward in Jollibee’s Global Expansion

JFC recently announced to the Philippine Stock Exchange that its subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), has entered into a share purchase agreement with Titan Dining Group Ltd., part of Titan Dining LP (Titan Fund). Through this deal, Jollibee will acquire an additional 166.5 million shares in Tim Ho Wan Holdings Pte. Ltd. (TPL), the company behind Tim Ho Wan’s operations.

With only a few final conditions left to be met, this acquisition is set to seamlessly integrate Tim Ho Wan into Jollibee’s portfolio. Since January 2024, Jollibee has already held a 92% stake in Titan Fund, meaning the cash outlay for this transaction is approximately SGD 20.2 million for the remaining 8%.

Tim Ho Wan: A New Star in Jollibee’s Culinary Lineup

Known for its Michelin-starred dim sum, Tim Ho Wan has 80 locations across 11 countries, making it a prestigious addition to Jollibee’s growing empire. Once the acquisition is complete, Tim Ho Wan will become Jollibee’s flagship brand in the Chinese cuisine segment, catering to the increasing global demand for authentic Asian flavors.

Image Credits: facebook.com/TimHoWanPH

The History: Jollibee’s Inspiring Rise

Jollibee’s journey began in 1975 when Dr. Tony Tan Caktiong and his wife Grace started a small ice cream business in Manila. By 1978, they transitioned their shops into a fast-food chain, recognizing the demand for hot meals. Today, Jollibee is an internationally beloved brand, with its roots firmly planted in the hearts of Filipinos and expanding across the globe.

Looking Ahead: A Diverse Portfolio and Global Ambitions

Jollibee’s portfolio extends beyond its flagship brand, encompassing a diverse range of businesses in the Philippines. These include Yoshinoya, Chowking, Red Ribbon, Common Man Coffee Roasters, and Tiong Bahru Bakery.

This year, Jollibee expanded even further with the acquisition of a controlling stake in South Korea’s Compose Coffee, a chain with over 2,700 outlets. Additionally, Jollibee owns The Coffee Bean & Tea Leaf in the Philippines, acquired in 2019 for $100 million.

Image Credits: unsplash.com

From a local fast-food leader to a global culinary giant, Jollibee continues to shape the future of dining.

Sources: 1 & 2

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Tim Ho Wan is giving FREE baked BBQ pork bun and weekly deals of 3 for S$10 dim sum, from 24 April to 31 May 2023

In the blink of an eye, Tim Ho Wan is celebrating its 10th anniversary milestone of serving up delicious, delectable dim sum in Singapore. To mark the occasion, Tim Ho Wan will be giving away its signature Baked BBQ Pork Bun plus a series of deals at up to 58%* discount throughout the month of May 2023. To thank diners for their past support, the anniversary promotions are available at all Tim Ho Wan outlets island-wide.

Kick start Tim Ho Wan’s 10th Anniversary celebrations from 24 April 2023: Convert your spending into FREE signature Baked BBQ Pork Bun

Eat to your heart’s content and get rewarded for it by converting your spending into free Baked BBQ Pork Buns.

Every $10 subtotal spent from 24 to 30 April 2023 (before GST and Service Charge, rounded down to the nearest $10 dollar) entitles diners to claim one (1) free Baked BBQ Pork Bun voucher. Redemption period runs from 2 – 31 May 2023, excluding Mother’s Day (14 May 2023).

Be captivated by weekly celebratory deals in the month May 2023

Every Monday to Friday from 2 to 26 May 2023, pick any 3 from Tim Ho Wan’s featured signature dishes for only $10 and save up to 58% off. The featured dishes will change in the course of promotional periods.

*Terms & Conditions apply

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Takeaway your favourite TIM HO WAN signatures for just $5.50 per dish from 25 – 28 Oct 22

For 4 days only, from 25 – 28 October 2022, takeaway any 2 items of TIM HO WAN signatures for just $11 nett:

Choose from staple favourites like:

  • Pork Congee w Century & Salted Eggs
  • Flatfish, Meatballs & Peanut Congee
  • Beancurd Skin w Pork & Shrimp
  • Chicken, Cordycep Flower & Mushroom w Rice
  • Pork Spare Ribs, Yam & Black Bean w Rice (Exclusively available during this promotion period only)

Complete it with a drink of your choice for an additional $2.80 nett only! (Iced lemon Tea or Homemade Barley)

Available at all THW outlets except Jewel, MBS & Nomstar.

Website: http://www.timhowan.com/
Facebook: https://www.facebook.com/timhowansg/
Instagram: @timhowan_sg
Hashtag: #timhowansg

ABOUT TIM HO WAN

Tim Ho Wan was started by Chef Mak Kwai Pui, who formerly worked at the prestigious three Michelin-starred Lung King Heen restaurant in Hong Kong’s Four Seasons Hotel, alongside Chef Leung Fai Keung. In 2009, the two chefs joined forces to open their first 20-seater top dim sum restaurant in Mongkok. A year later, the Tim Ho Wan brand showed no signs of slowing down with more branches opening, with each earning accolades for serving quality food at affordable prices.

Staying true to its brand promise, Tim Ho Wan continues to bring delicious, authentic and affordable Hong Kong dim sum to all diners. Today, customers in Singapore need not journey quite as far to enjoy award-winning Hong Kong-style dim sum in a more modern setting. Renowned for its service and ambience, all while retaining the DNA of traditional Hong Kong dim sum, Tim Ho Wan Singapore has become the go-to restaurant for quality dim sum for locals.

Tim Ho Wan currently has 12 restaurants in Singapore and more than 60+ restaurants worldwide.

ABOUT CHEF MAK KWAI PUI

Chef Mak was born and raised in Hong Kong. Family members in the hospitality industry had greatly influenced him to follow in their footsteps. At a tender age of 15, he began learning the intricate culinary art of dim sum. Following his years at various prominent establishments (including three Michelin-starred Lung King Heen restaurant at Four Seasons Hotel, Hong Kong), Chef Mak began the journey of building the one Michelin-starred Tim Ho Wan brand in 2009. A year later, the brand showed no signs of slowing down with more branches opening, each earning accolades for its quality food at affordable prices.

ABOUT CHEF LEUNG FAI KEUNG

Chef Leung co-founded Tim Ho Wan alongside Chef Mak back in March 2009. Both chefs persevered by using only fresh and quality ingredients to prepare their dim sum. The first outlet at Mong Kok was a hole-in-the-wall eatery, which accommodated a small capacity of 20 seats. It quickly won the hearts of the locals with its simple yet irresistible dim sum offerings. This then led to the opening of the second outlet in May 2010.

Available at the following TIM HO WAN outlets!

Restaurants Address Operating Hours Contact
I12 Katong 112 East Coast Road #02-01/02,

i12 Katong Singapore S428802

 Weekdays : 11am – 9pm

Weekends & PH:

1030am – 930pm

 +65 6636 2000
Tampines 1 10 Tampines Central 1 #01-43/44, Tampines 1 S529536 Weekdays : 11am – 930pm

Weekends & PH: 10am – 930pm

 +65 6694 2000
Aperia Mall 12 Kallang Avenue Lavender #01-01/02/03, Aperia, S339511 Weekdays: 11am – 9pm

Weekends & PH: 9am – 930pm

 +65 6684 2000
Citylink Mall One Raffles Link #B1-63/63A,

Citylink Mall S039393

 Weekdays : 1130am – 830pm

Weekends & PH: 11am – 9pm

 +65 6222 2000
Great World City Great World City #01-139 ,

1 Kim Seng Promenade, S237994

 Weekdays: 11am – 9pm

Weekends & PH: 10am – 9pm

 +65 6483 2000
Plaza Singapura 68 Orchard Rd #01-29A/52,

Plaza Singapura S238839

 Weekdays: 11am – 9pm

Weekends & PH: 10am –930pm

 +65 6251 2000
Waterway Point 83 Punggol Central #01-62, S828761 Weekdays: 11am – 9pm

Weekends & PH: 10am – 9pm

 +65 6243 7088
Suntec City Suntec City Mall 3 Temasek Boulevard #02-389/390, Suntec City, S038983 Daily: 12pm – 8pm

Mon to Fri:

Closed from 3pm – 4pm

 +65 6970 1788
Westgate 3 Gateway Drive #01-13/14,

Westgate S608532

 Weekdays: 11am – 9pm

Weekends & PH: 9am – 9pm

 +65 6686 2000
18 Tai Seng 18 Tai Seng St, #01-36, S534119 Weekdays: 11am – 9pm

Weekends & PH: 10am – 9pm

 +65 6246 2000

*Last order will be 30 mins before closing

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Tim Ho Wan offers up to 50% off takeaways at Tampines 1 from 30 Aug - 1 Sep, has HK milk tea and egg tarts from $2.14

Good news for Easties!

Tim Ho Wan will be opening their 11th outlet in Singapore at Tampines 1. For those who are staying around the area can drop by to enjoy up to 50% off selected items from 30 August to 1 September at Tampines 1. Enjoy your favourite congee, egg tarts and HK-style milk tea from as affordable as $2.14!

 Up to 50% off selected items for takeaway 

Enjoy more bang for your buck with up to 50% off selected items for takeaway. The items include:

  • Pork Congee with Century Egg & Salted Eggs (S$3.64, U.P S$7.28)
  • Flat Fish, Meatballs & Peanut Congee (S$3.63, U.P S$7.28) 
  • Beancurd Skin with Pork & Shrimp (S$3.53, U.P S$6.96)
  • Hong Kong Style Egg Tarts (S$2.46, U.P S$4.82)
  • Hong Kong Milk Tea (S$2.14, U.P S$4.28)
  • Soursop Juice (S$2.14, U.P S$4.28)

Free Osmanthus Jelly with any purchase for Dine-in

    osmanthus

Get a free Osmanthus Jelly with any purchase with any purchase for dine-in. While stocks last. Tim Ho Wan’s signature Osmanthus Jelly is an invigorating palate cleanser. The chilled cubes of jelly are made with golden osmanthus flowers and wolfberries. They help promote a radiant complexion and improve one’s respiratory system.

Mark your calendar and visit the outlet to enjoy exclusive Grand Opening deals! Visit Tim Ho Wan Tampines 1 at 10 Tampines Central 1, #01-43/44, Singapore 529536!

ABOUT TIM HO WAN 

Tim Ho Wan was started by Chef Mak Kwai Pui, formerly of the prestigious three Michelin starred Lung King Heen restaurant in Hong Kong’s Four Seasons Hotel, alongside Chef Leung Fai Keung. In 2009, the two chefs joined forces to open their first 20-seater top dim sum restaurant in Mongkok. A year later, the Tim Ho Wan brand showed no signs of slowing down with more branches opening; each earning accolades for serving quality food at affordable prices. Indeed, Tim Ho Wan is often called the most affordable Michelin-starred restaurant in the world!

True to its brand promise, Tim Ho Wan brings delicious, authentic and affordable Hong Kong dim sum to all diners since 2009.

Today, customers need not journey quite as far to enjoy award-winning Hong Kong dim sum in a more modern setting. Renowned for being a modern representation in its service and ambience, all while retaining the authentic DNA of traditional Hong Kong dim sum, Tim Ho Wan became the go-to restaurant for quality dim sum.

Website: http://www.timhowan.com/
Facebook: https://www.facebook.com/timhowansg/
Instagram: @timhowan_sg

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$1 for 2nd main dish at Tim Ho Wan

HK Style Wonton Noodles or Pork Congee with Century & Salted Eggs

Craving for a bowl of comforting HK Style Wonton Noodles or a delicious bowl of Pork Congee with Century & Salted Eggs? Satisfy your cravings with Tim Ho Wan’s HK Style Wonton Noodle (Soup) — springy noodles with delicately wrapped wontons in heart-warming broth and the Pork Congee with Century & Salted Eggs — creamy congee with century eggs, salted eggs and pork topped with scallions!

From 8 July till 31 July, bring your buddy to enjoy Tim Ho Wan’s weekday saver deal! Order the HK Style Wonton Noodle (Soup) or Pork Congee with Century & Salted Eggs and get the 2nd serving at only $1! 2nd item promo is only applicable on same dish item! Available for dine-in and takeaway!

Weekday meals at Tim Ho Wan just got better and heartier! Enjoy the limited time offer now!

Terms and conditions

  • Price reflected is before service charges and prevailing GST.
  • Valid for Dine-in and Takeaway only
  • Applicable all-day from Mon to Fri, excluding Public Holiday for the month of July
  • 2nd item promo is only applicable on same dish item, while stocks last
  • 2nd item not valid for takeaway should 1st item is meant for dine-in
  • Not to be used in conjunction with other promotions, discounts, vouchers and privileges
  • Applicable at all stores except Marina Bay Sands

Website: http://www.timhowan.com/
Facebook: https://www.facebook.com/timhowansg/
Instagram: @timhowan_sg
Hashtag: #timhowansg

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