McDonald's eyes US$400m for S'pore, Malaysia franchises

Hong Kong

McDonald's Corp is planning a sale of 20-year franchise rights in Singapore and Malaysia that could collectively fetch at least US$400 million, people with knowledge of the matter said.

Suitors for the fast-food operations in the two South-east Asian markets have begun sounding out banks for financing, said the sources, who asked not to be identified because the information is private.