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Tims China names Kwok Wah Cheung as new CEO and plans $55M convertible notes issuance for expansion

Company Fundamentals
09 Jun 2026
GlobeNewsWire
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Bullish
pluang ai news

Tims China appointed Kwok Wah Cheung as CEO effective June 15, 2026, succeeding Yongchen Lu who becomes Chairman. The leadership change aims to accelerate growth through deeper localization and innovation. Concurrently, the company announced a $55 million issuance of senior secured convertible notes to fund store expansion and operations. This financial move supports Tims China's strategy to strengthen its presence in China's competitive coffee market, building on over 1,000 stores and 35 million loyalty members.

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