SUBSCRIBERS

McDonald's sells control of China business to Citic, Carlyle

Add BT as a preferred source

Published Mon, Jan 9, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Hong Kong

MCDONALD'S Corp has entered into an agreement to sell 80 per cent of its operations in China and Hong Kong to a consortium including Citic Ltd and Carlyle Group LP.

The deal, which includes 20-year mass franchise rights, will value the business at as much as US$2.08 billion, Citic said in a statement to the Hong Kong exchange on Monday.

Carlyle

Share with us your feedback on BT's products and services

Feedback

TRENDING NOW

At MHA, Pang led the ministry’s efforts to deal with security threats such as foreign interference and scams, and its responses in critical and sensitive operations.

Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire

Andrew Lee, chairman of OCBC (right), and group chief executive Tan Teck Long speaking at Thursday's (Apr 16) AGM.

Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

Latest T-bills Treasury Bills Results & Interest News Latest SSB Singapore Savings Bonds News Latest COE Certificate of Entitlement News

Latest Johor-Singapore SEZ News Latest BTO Build To Order & Sales of Balance News Latest STI Straits Times Index News Latest SGX Dividends, Share Price News Latest Bonds Market News Latest Singapore Stocks To Buy News Latest Singapore Economy News