It is business as usual for Tim Ho Wan restaurants in
Singapore, a spokesman for the group said on Tuesday (July 4),
following the closure of two outlets in Kuala Lumpur.
“The Tim Ho Wan restaurants in Singapore are not
affected. Tim Ho Wan Malacca is similarly not affected and
continues to operate business as usual,” the spokesman said.
The Malay Mail Online reported earlier on Tuesday that
two outlets in Malaysia’s Mid Valley Megamall and 1Utama Shopping
Mall have shuttered after its Dim Sum Delight — which operates the
Michelin-starred Tim Ho Wan in Malaysia — closed down following
heavy financial losses last year.
In a Bursa filing to announce the decision on Monday,
Penang-based food and beverage company, Texchem Resources, which
owns 51 per cent in shares in Dim Sum Delight, announced that Dim
Sum Delight had incurred losses of RM895,642 (S$287,885), “and is
not expected to turn around in the near future”.
“Given that the current retail market remains soft and
competitive, the Board of Dim Sum Delight is of the view that the
prospects of Dim Sum Delight is very challenging and this situation
is not expected to change anytime soon. Accordingly, the
shareholders of Dim Sum Delight are of the opinion that Dim Sum
Delight should cease its business operation to minimise losses,”
Texchem said in its reason for cessation.
The company said that it is also unable to assess the
cost associated with the closure of the Tim Ho Wan outlets, but
would be providing the update in due course.
The Hong Kong dim sum chain currently has eight outlets
in Singapore. The outlet at Plaza Singapura, the first outside of
Hong Kong, opened in April 2013. Then, it could take customers
three hours to get a table at the walk-ins-only outlet.
In November 2014, it launched its first 24-hour
restaurant in Singapore. The chain also has outlets in Australia,
Indonesia, Taiwan and the Philippines.
Tim Ho Wan is well known for its hole-in-the-wall
Mongkok eatery that rose to fame when it scored a coveted Michelin
star after just one year of its operations. WITH MALAY MAIL
ONLINE
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