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CITIC Agrees to Sell Remaining Stake in McDonald's Mainland CN, HK & Related Shareholder Loans for ~US$430M
CITIC (00267.HK) announced that its wholly-owned subsidiary agreed to sell a 19.23% stake in Fast Food Holdings Limited (FFHL) to Trustar Fast Food Holdings Limited. The buyer will...
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CITIC Agrees to Sell Remaining Stake in McDonald's Mainland CN, HK & Related Shareholder Loans for ~US$430M
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CITIC (00267.HK)  +0.010 (+0.106%)    Short selling $3.53M; Ratio 4.773%   announced that its wholly-owned subsidiary agreed to sell a 19.23% stake in Fast Food Holdings Limited (FFHL) to Trustar Fast Food Holdings Limited. The buyer will also assume the outstanding shareholder loans in an amount of around US$74 million. The total consideration of the disposal is US$430.3 million.

Currently, CITIC indirectly holds a 19.23% stake in FFHL, which directly owns 52% of Grand Foods Holdings Limited (GFHL), the company that holds McDonald's operations in mainland China and Hong Kong. Upon completion of the sale, CITIC will no longer hold any stake in FFHL.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-02 16:25.)

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