CITIC to sell stake in McDonald’s China, Hong Kong business for $430.3 million

(Reuters) – China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in Fast Food Holdings, the company behind McDonald’s China and Hong Kong operations, to Trustar Fast Food Holdings for $430.3 million.

(Reporting by Roshan Thomas in Bengaluru; Editing by Arun Koyyur)