Yum China considering Hong Kong listing: report
The company’s possible second listing could raise as much as US$2 billion.
Yum China Holdings Inc., operator of Pizza Hut, KFC and Taco Bell in the mainland, is preparing for a possible listing in Hong Kong, Bloomberg reports.
The New York-listed company, which operates more than 8,900 restaurants in China, is said to be working with China International Capital Corp. and Goldman Sachs Group Inc. on the share sale, the report said, citing people familiar with the matter.
Yum China’s possible share sale could see more Chinese firms raising funds in the city beset with social unrest.
(Also read: Yoshinoya, Maxim's hit hard by social unrest in Hong Kong)
The report also took note that the listing could raise as much as US$2bn, based on a report from IFR.
Recently, Yum China opened its first franchised KFC restaurant in China National Petroleum Corporation gas station in Kunming, Yunnan province.
Read the full report here.
