On 2nd March, CITIC Ltd announced the selling of McDonald’s mainland China and Hong Kong businesses, including the operation and management of McDonald’s restaurants in mainland China, Hong Kong and Macau. CITIC equity in McDonald's decreased significantly.
CITIC agreed to sell 42.31% equity in Fast Food Holdings Limited (FFHL). This 42 % of CITIC equity in McDonald's was purchased by CCHL Fast Food Holdings Limited (CCHL). CCHL will also be assigned the corresponding portion of outstanding shareholder loans of FFHL in an amount of approximately . . .
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