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Jollibee Foods Corporation (JFC) has just announced a major move, revealing that they’re now taking full ownership and control of Tim Ho Wan. This means we’ll soon see some exciting developments as Jollibee brings the famous dim sum chain entirely under its wing.

In a recent SEC filing (Form 17-C), Jollibee disclosed that through its subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), they’ve officially acquired a substantial number of shares—166,458,461, to be exact—from Titan Dining Group Ltd., a part of the Titan Fund. This move solidifies Jollibee’s role as the sole owner and operator of Tim Ho Wan, the beloved brand known for its Michelin-starred dim sum offerings.

For those unfamiliar, Jollibee Foods Corporation (JFC) isn’t just about the beloved Filipino fast-food chain known for its signature fried chicken and sweet spaghetti. Established in 1978, JFC is a major player in the fast-food industry, boasting a portfolio that includes brands like Chowking, Greenwich, Mang Inasal, The Coffee Bean & Tea Leaf, and many more. Jollibee has successfully grown its reach with over 1,200 stores across the Philippines and nearly 450 internationally, including locations in the U.S., Canada, the Middle East, and Asia.

With this new acquisition, Jollibee is making a strong statement about its commitment to expanding its reach in the premium dining space. Tim Ho Wan, already a fan favorite with locations across Asia and beyond, is expected to see further expansion and innovation as JFC leverages its extensive experience in scaling restaurant brands worldwide.

This latest development adds a dash of excitement to Jollibee’s global journey. Fans and foodies can look forward to a new era for Tim Ho Wan under Jollibee’s management—perhaps more outlets, new menu items, or even a fresh take on the brand experience.