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Wednesday, October 5, 2016
McDonald's set to sell Singapore, Malaysian franchise to Saudi company: Sources
McDonald's set to sell Singapore, Malaysian franchise to Saudi company: Sources
Posted 05 Oct 2016 18:49 Updated 05 Oct 2016 19:15
HONG KONG/SINGAPORE: McDonald's Corp is nearing a deal to sell 20-year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia's Reza group, in a transaction estimated at up to US$400 million, people familiar with the matter said.
Reza Food Services Co. Ltd, which owns and operates McDonald's restaurants in the western and southern region of Saudi Arabia, has tapped Malaysian bank CIMB to finance the deal, said two of the sources, who declined to be identified as the deal has not been publicly announced.
CIMB declined to comment, while there was no immediate response from McDonald's. Reuters was not immediately able to reach Reza for a comment.
The deal was expected to be completed by the end of the year, one person familiar with the transaction said.
McDonald's has about 120 restaurants in Singapore and about 260 in Malaysia. The move is in line with the company's reorganization of its Asian operations, bringing in partners as it switches to a less capital-intensive franchise model.
- Reuters
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Posted 05 Oct 2016 18:49 Updated 05 Oct 2016 19:15
HONG KONG/SINGAPORE: McDonald's Corp is nearing a deal to sell 20-year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia's Reza group, in a transaction estimated at up to US$400 million, people familiar with the matter said.
Reza Food Services Co. Ltd, which owns and operates McDonald's restaurants in the western and southern region of Saudi Arabia, has tapped Malaysian bank CIMB to finance the deal, said two of the sources, who declined to be identified as the deal has not been publicly announced.
CIMB declined to comment, while there was no immediate response from McDonald's. Reuters was not immediately able to reach Reza for a comment.
The deal was expected to be completed by the end of the year, one person familiar with the transaction said.
McDonald's has about 120 restaurants in Singapore and about 260 in Malaysia. The move is in line with the company's reorganization of its Asian operations, bringing in partners as it switches to a less capital-intensive franchise model.
- Reuters
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McAfee DAT version = 8308 (oct 04th 2016)
McAfee DAT version = 8308 (oct 04th 2016)
Link: here ( Select Yes. And it keeps getting updated daily. Region=US)
- wong chee tat :)
Link: here ( Select Yes. And it keeps getting updated daily. Region=US)
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
Homage to the 36 trillion, 119 thousand, 500 Amitabha Buddhas
- wong chee tat :)
Oct 2016 Singapore Savings Bonds - GX16110H
Issuance details - GX16110H
| Bond ID |
GX16110H
|
|---|---|
| Amount available |
$300 million
|
| Issue date |
1 Nov 2016
|
| Maturity date(1) |
1 Nov 2026
|
| Interest payment dates(1) |
The 1st interest payment will be made on 1 May 2017, and
subsequently every six months on 1 Nov and 1 May every year. |
| Investment amounts |
You can invest a minimum of $500, and in multiples of $500 up to
$50,000 for this issue. The total amount of Savings Bonds held across all issues cannot be more than $100,000. |
| Application period |
Opens: 6.00pm, 3 Oct 2016
Closes: 9.00pm, 26 Oct 2016 Results: After 3.00pm, 27 Oct 2016 Keep track of the important dates with our SSB calendar. |
| Apply through |
DBS/POSB, OCBC and UOB ATMs and DBS/POSBInternet Banking,
from 7.00am - 9.00pm, Mon - Sat, excluding Public Holidays. On 3 Oct 2016, these channels will be open from 6.00pm to 9.00pm. CPF and SRS funds are not eligible. |
This bond will be reflected as "SBNOV16 GX16110H" in your CDP statement and "CDP-SBNOV16" in your bank statement.
Interest rates
* At the end of each year, on a compounded basis
Calculate the interest you will earn based on your desired investment amount using the Interest Calculator.
(1)If this day is not a business day, payment will be made on the next business day.
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Blog Updates:
Blog Updates:
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Minor updates:
- Update labels on some old posts
Will continue to make minor improvements for this blog!
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