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| Name | Symbol | Market | Type |
|---|---|---|---|
| CITIC Ltd (PK) | USOTC:CTPCY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.232552 | 4.43 | 4.80 | 2 | 21:00:27 |
From Jul 2019 to Jul 2024
By Martin Mou
Chinese state-owned conglomerate Citic Group is selling part of its stake in McDonald's China operations for at least 2.17 billion yuan ($312.4 million).
Citic unit Starry Dream Investments Ltd. has put up a 42% stake in Fast Food Holdings Ltd., which controls McDonald's China operations, for sale on the Beijing Equity Exchange, according to a filing to the exchange on Wednesday.
Starry Dream Investments owns 62% of Fast Food Holdings while CCP Fast Food Holdings Ltd. holds the remaining 38% stake.
Citic and Carlyle Asia Partners bought a controlling interest in McDonald's Mainland China and Hong Kong businesses in 2017 from the U.S. fast-food chain operator for $2.08 billion.
Write to Martin Mou at martin.mou@wsj.com
(END) Dow Jones Newswires
January 08, 2020 02:56 ET (07:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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