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In a disclosure titled “Tim Ho Wan Ownership and Management to Transfer to JFC Metro Manila” on Tuesday, November 5, publicly listed JFC said JWPL will completely take over Tim Ho Wan after paying 20 million Singapore dollars — around P885 million — equivalent to 8% interest held by investors in Titan Fund.
Tim Ho Wan now has 19 stores in mainland China, which JFC said was the focus of its “bold international expansion campaign.”
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