McDonald's to raise $1b- $2b, keep minority stake with China, HK stores sale

McDonald's to raise $1b- $2b, keep minority stake with China, HK stores sale

People walk past the entrance to a McDonald's restaurant in Shanghai, China, July 30, 2015. BRANDS/MCDONALDS REUTERS/Aly Song

McDonald’s Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep “a significant minority stake in the business, a person with direct knowledge of the plans said on Tuesday.

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