McDonald’s cooks up fat profit in US$9.3 million Hong Kong property sale

McDonald’s sold a property in Kowloon for HK$72.4 million (US$9.3 million), as the Chicago-based fast-food giant reached HK$333 million in proceeds at the halfway point in a campaign to dispose of eight Hong Kong retail properties. A company called Mega Champ bought the property in the Tai Fong Building of Cosmopolitan Estate in Tai Kok Tsui in a transaction dated November 26, according to Land Registry records. The deal, which was registered on Friday, comprised two ground-floor shops as well...

Source: scmp.com at 12/9/2025 12:30:09 AM.

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