MANILA -- Philippine fast-food leader Jollibee Foods is investing up to 45 million Singapore dollars ($33.5 million) in a fund that is poised to become the new master franchise holder of Tim Ho Wan, a popular dim sum chain.
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Philippines' Jollibee invests $33.5m in Tim Ho Wan franchiser
Fast-food leader's net income rises 17.3% in first quarter from a year ago
Jollibee aims to become a global company by expanding in Southeast Asia, China and the U.S.
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