Subway has recently announced that Shanghai Fu-Rui-Shi Corporate Development Co., Ltd. has completed its acquisition of the brand's China business and has entered into a new master franchise agreement to significantly expand its presence in mainland China. The agreement, funded by a consortium of private investors, is the largest master franchise agreement in Subway history, and is one of the largest such deals across the entire quick service restaurant industry. Han Kun advised one of the major investors on its capital contribution to the investor consortium, as well as its participation in the acquisition and the franchise deal.
