Burger King's stock sale transaction is completed, CPE Source Peak acquires a controlling interest for $350 million.

On February 2, RBI, the parent company of the Burger King brand, and CPE Source Peak jointly announced that the previously announced joint venture transaction has been completed. CPE Source Peak has injected an initial capital of $350 million into Burger King China and holds approximately 83% of Burger King China's shares, while RBI retains about 17% of minority shares and board seats. CPE Source Peak and RBI jointly plan to expand Burger King's store scale in the Chinese market from the current approximately 1,250 stores to over 4,000 stores by 2035.