as subscribing new convertible preferred shares for HK$45.9 billion (US$5.9 billion). Before the deal, CITIC Group owned 77.90% stake, with National Social Security Fund owned an additional 5.00%, making only 17.1% shares of CITIC Limited were actually free float at 31 December 2014. The company also had HK$13.834 billion perpetual capital securities at 31 December 2014. On 9 January 2017 the consortium of CITIC Limited, private equity funds of CITIC Capital and Carlyle, bought 80% stake of the franchise rights of McDonald's in Hong Kong and mainland China, for a total consideration of up to US$2.08 billion. CITIC Limited and CITIC Capital would own 52% stake collectively (via an intermediate holding, Fast Food Holdings in a 61.54–38.46 ratio, indirectly owned 32% and 20% stake respectively), while Carlyle would own 28% separately. 20% stake would be retained by McDonald's via Golden Arches Investments Limited (the trading name of McDonald's Hong Kong). In January 2020, CITIC invited other investors to buy most of their stake in the aforementioned Fast Food Holdings. See history of CITIC Pacific Special Steel Holdings. Subsidiaries CITIC Trust (100%) Equity investments Beijing Sinobo Guoan F.C. (36%) AsiaSat (37.22% via a joint venture) References External links Companies listed on the Hong Kong Stock Exchange CITIC Group Power Corporation of Canada Itochu Charoen Pokphand 1990 establishments in Hong Kong