The China Post
Date: December 22, 2016
By: Christine Chou

TAIPEI, Taiwan — The Ambassador Hotel (國賓飯店) on Wednesday responded to

The Ambassador Hotel (國賓飯店) on Wednesday responded to recent media reports that its top executive plans to acquire McDonald’s Taiwan, stating it was a personal investment by a member the business-owning family. (Captured from the internet)

recent media reports that its top executive plans to acquire McDonald’s Taiwan, stating that the acquisition was a personal investment of a member of the business-owning family.

Local tabloid Next Magazine recently reported that Ambassador Hotel President Hubert Lee (李昌霖) plans to acquire McDonald Taiwan’s franchise and assets for US$300 million, raised from personal and family funds. The purchase can be inked in January at the earliest, the report said.

McDonald’s Taiwan has denied any knowledge of the deal.    [FULL  STORY]