CITIC and Carlyle Group Complete Acquisition of McDonald’s China

The year-long auction of McDonald’s business in China has finally come to an end as state-owned enterprise Citic Ltd. announced the purchase was officially completed on July 31st. The purchase marks the US food giant’s largest franchise business overseas, with its 2,700 stores being run by the purchasers…Full Article: ECNS.cn Aug 2017 Key Point The

China’s CITIC Construction Signs Agricultural MoU With Two Burmese Organizations

Two Myanmar private organizations have signed a memorandum of understanding (MoU) with China’s CITIC Construction to implement an agronomics service center project, Myanmar News Agency reported Monday [24 July 2017]. The MoU, which involves Myanmar Rice Association and Myanmar Agronomics Public Corporation, was signed in Nay Pyi Yaw in the weekend…Full Article: Xinhua July 2017

Hong Kong’s CITIC and USA’s Carlyle Group Acquire an 80% Stake in McDonald’s China

Fast-food chain McDonald’s Corp announced on Monday [9 January 2017] the sale of 80 percent of its Chinese mainland and Hong Kong operations to a consortium including CITIC Ltd and Carlyle Group LP. The move will help it expand amid growing competition, but analysts warned challenges remain…Full Article: China Daily Jan 2017 Key Point As

McDonald’s to Tap Carlyle Group and CITIC Group to Buy its Mainland and Hong Kong Fast Food Outlets

McDonald’s Corp has picked a consortium led by private-equity firm Carlyle Group LP and Chinese conglomerate CITIC Group Corp to buy its Chinese mainland and Hong Kong stores for as much as $2 billion while keeping a minority stake in the business, according to US media reports on Tuesday [6 December 2016]…Full Article: China Daily