McDonald’s Corporation’s plan to seek a master franchise partner for its restaurants in Malaysia and Singapore is part of a global streamlining effort, according to Golden Arches Restaurants in Malaysia.

A subsidiary of McDonald’s, Golden Arches says the American fast-food restaurant group is seeking to sell its 20-year franchise rights in Malaysia and Singapore.

“McDonald’s Corp is re-franchising from 30,000 to 35,000 restaurants globally,” says Golden Arches MD Azmir Jaafar, “so we are looking at about 5000 more restaurants to be franchised globally.”

He says the most important factor in the franchise sale is finding a partner who understands the local market and can ensure continuity of the McDonald’s tradition, as well as be backed by strong capital to fund future investments.

“Many parties have come to talk to us, including private equities and other corporate giants. The company is negotiating with potential bidders, but so far we have not reached any definite conclusion.”

Meanwhile, McDonald’s has formed a strategic partnership with Malayan Banking, allowing customers to pay for meals by debit card.