Operations

Silver Crest acquires Tims China

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October 10, 2022

Tims China has announced business combination with Silver Crest Acquisition Corp., a special purpose acquisition company. The combined company will retain the Tim Hortons International name and its shares are now trading on NASDAQ under THCH and THCHW, according to a press release.

"This is a notable milestone for Tims China and, more importantly, a tribute to our 4,500 dedicated professionals across China," Peter Yum, chairman of Tims China, said in the press release. "The listing and associated funding will allow us to continue growing Tims China as we aim to build a profitable network of 2,750 stores by 2026. We are grateful to our millions of amazing guests, whose support and patronage is a true privilege."