China's CITIC to sell 42.3% stake in McDonald's China operations: filing

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China's state-owned conglomerate CITIC Group has put up for sale its 42.3% ...

FILE PHOTO: Customers eat dinner at a McDonald's store in Beijing, China January 9, 2017. REUTERS/Jason Lee

- China’s state-owned conglomerate CITIC Group has put up for sale its 42.3% stake in Fast Food Holdings Ltd, a company that controls the China operations of McDonald’s Corp , a filing to the China Beijing Equity Exchange showed.Reporting by Twinnie Siu in Hong Kong and Se Young Lee in Beijing; Editing by Tom Hogue

 

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