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Customers eat dinner at a McDonald’s store in Beijing, China January 9, 2017. REUTERS/Jason Lee/Files
(Reuters) – 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.
The filing said CITIC plans to raise at least 2.17 billion yuan ($312 million) through the sale.
Reporting by Twinnie Siu in Hong Kong and Se Young Lee in Beijing; Editing by Tom Hogue
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