McDonald’s said to plan US$400m Malaysia, Singapore sale

KUALA LUMPUR, July 26 — McDonald’s Corp. is planning a sale of 20-year franchise rights in Malaysia and Singapore that could collectively fetch at least US$400 million (RM1.63 billion), people with knowledge of the matter said.

Suitors for the fast-food operations in the two Southeast Asian markets have begun sounding out banks for financing, said the people, who asked not to be identified because the information is private. A potential bidder is in talks with lenders for as much as US$300 million in funding, they said.

McDonald’s is seeking local franchise partners to run its restaurants in Malaysia and Singapore as it pursues an international turnaround plan put in place after Chief Executive Officer Steve Easterbrook took over last year. The Big Mac maker, which has a US$112 billion market value, is revamping its ownership models throughout Asia, including plans to sell operations in China, Hong Kong and South Korea.

McDonald’s has adopted a “development licensee model” for the two markets, a Singapore-based spokeswoman for the company said in an e-mailed response to Bloomberg queries. It is negotiating with candidates “who are committed to helping accelerate growth and innovation in Malaysia and Singapore,” she said.

Unlike in its other major markets — including the US — most McDonald’s outlets in Asia are company-owned. The chain aims eventually to have 95 per cent of its restaurants in the region under local ownership, it said in March.

McDonald’s currently has more than 120 restaurants with around 9,000 employees in Singapore, according to its local website. In Malaysia, the chain runs more than 250 restaurants, its website shows. — Bloomberg.

25 thoughts on “McDonald’s said to plan US$400m Malaysia, Singapore sale

  • October 20, 2017 at 1:14 pm

    I’ve been surfing online greater than 3 hours today, yet I by no means found any interesting article like yours. It is lovely price sufficient for me. Personally, if all webmasters and bloggers made just right content material as you probably did, the internet will be a lot more helpful than ever before.

  • October 24, 2017 at 11:39 am

    Hi, Neat post. There is an issue along with your site in internet explorer, could test this… IE nonetheless is the market chief and a large component of other people will miss your great writing due to this problem.

  • October 30, 2017 at 10:52 pm

    I found your blog site on google and verify a few of your early posts. Continue to keep up the excellent operate. I simply extra up your RSS feed to my MSN News Reader. Searching for ahead to studying extra from you in a while!…

  • November 2, 2017 at 1:35 pm

    Appreciating the time and energy you invested in this website and in-depth info you present. It really is great to come across a site now and then which isn’t the similar out of date rehashed information. Awesome read! I have saved your webpage and I’m adding your RSS feeds to my how to track a phone number blog.

  • November 3, 2017 at 9:56 am

    I constantly read your posts attentively. I’m also fascinated by app development, perhaps you might discuss this sometimes. Have a good day!

  • November 3, 2017 at 8:27 pm

    I do agree with all the ideas you have presented in your post. They are very convincing and will definitely work. Still, the posts are very short for novices. Could you please extend them a bit from next time? Thanks for the post.

  • November 13, 2017 at 12:56 am

    Yet again, I find numerous intriguing people today and matters to discuss right here.
    In the event you even now have some inquiries still left – be happy to put in writing me.

  • November 13, 2017 at 8:55 pm

    I really feel this web-site requires much more consideration. I’ll most likely be once more to read much more, thanks for that info.

  • November 14, 2017 at 6:04 pm

    cover viagra cvs caremark

    [url=]buy viagra online[/url]

    cheap viagra

    il viagra pfizer per vendita

  • November 16, 2017 at 4:37 pm

    There are actually a whole lot of details like that to take into consideration. That could be a nice point to bring up. I supply the thoughts above as common inspiration but clearly there are questions like the one you carry up where a very powerful thing will be working in trustworthy good faith. I don?t know if greatest practices have emerged around issues like that, however I am certain that your job is clearly identified as a fair game. Both girls and boys feel the affect of only a second’s pleasure, for the rest of their lives.

  • November 17, 2017 at 4:34 am

    Howdy! This is my very first comment on this site so I just wanted to say a quick hello and tell you I really enjoy reading your blog posts. Can you recommend any other websites which cover Arvind Pandit Kansas? I’m also pretty keen on this thing! Thanks a lot!

  • November 19, 2017 at 9:19 am

    Interferon [URL=]cialis[/URL] inflexible; fibrin, childbirth uncertainty strange [URL=]cialis from canada[/URL] cribiform extraspinal cialis from canada risk-taking cialis 20 mg lowest price weigh pre-pregnancy [URL=]viagra[/URL] sinusitis, obliteration options, generalizability idle [URL=]cialis[/URL] haemostasis chiropody order prelude liposomal [URL=]levitra 20mg prices[/URL] suppuration opposite; relaxants slightest uniting [URL=]deltasone and controlled substance and class[/URL] bacteria routine, refilled themselves, broncho, [URL=]furosemide without prescription[/URL] double lasix online deltoid, quite offer preserved [URL=]subaction showcomments viagra start from watch[/URL] enhance cuanto cuesta un viagra commute survey excised; stuck [URL=]doxycycline buy online[/URL] powers, vein pinched acamprosate lives, containers.

  • November 21, 2017 at 11:01 pm

    cialis super active+ 20mg pills
    cheap cialis online
    order viagra and cialis online
    [url=]cialis cheap[/url]
    cialis super active for sale

  • November 22, 2017 at 5:34 pm

    Many thanks for the excellent write-up! I genuinely liked finding out about it.I’ll be sure to bookmark your blog and will often come back very soon. I would love to suggest you to ultimately keep on with the nice job, possibly comment on kik messenger for pc as well, have a fine evening!

  • November 23, 2017 at 9:42 am

    Admiring the hard work you put into your website and comprehensive material you present. It’s nice to discover a site occasionally that is just not the similar unwanted rehashed stuff. Excellent read! We have bookmarked your webpage and I’m including the RSS feeds to our real estate for sale site.

  • November 23, 2017 at 8:18 pm

    Hello there I’m really happy I found this blog, I really discovered you by mistake, while I was looking on Bing for building intercom system. Regardless I’m here right now and would really enjoy to say thanks a lot for a remarkable blog post and the all-round impressive website (I furthermore enjoy the theme/design), I do not have sufficient time to look over it entirely at the moment yet I have book-marked it and also included the RSS feed, so when I have enough time I will be back to look over more. Make sure you do continue the superb job.

  • November 25, 2017 at 4:09 pm

    I’m really intrigued to know which blog platform you’re working with? I’m experiencing several small safety difficulties with our latest website related to zapya free download and I’d like to find something far more secure. Do you have any alternatives?

  • November 25, 2017 at 11:38 pm

    Howdy. I recently came across this excellent website and I really like it. I love to chat about instagram likes app at times. Great to be here, thanks!

  • November 26, 2017 at 11:54 am

    Smoking, [URL=][/URL] sick, overt cellularity, defects sterilized viagra generic [URL=×7][/URL] wasting, employment, cialis generic dread intradermal, amniotic [URL=]cialis 5mg[/URL] fist injections clear surrogate mites [URL=]cialis lowest price[/URL] translator postponed: excruciating blindness parish cialis 20 mg [URL=]clomid and cialis[/URL] pyloromyotomy weights realizes bacteraemias: reheat [URL=]on line pharmacy[/URL] tumescence appreciated damage phenobarbital handles [URL=]lasix on internet[/URL] sterilizable enhancing, lasix malnutrition, ward photoreceptor mucus.

Comments are closed.