McDonald’s said to narrow bidders for $2b China franchise

McDonald’s said to narrow bidders for $2b China franchise

Birds fly past a sign of 24-hour McDonald's restaurant at sunrise in Hong Kong, China November 11, 2015. REUTERS/TYRONE SIU

McDonald’s Corp. selected bidders including China Cinda Asset Management Co., the nation’s second-biggest bad-loan manager, and dairy producer Beijing Sanyuan Foods Co. to make binding offers for its operations in China and Hong Kong, people with knowledge of the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter