Business Maverick: Yum China Guides Hong Kong Listing Price at HK$412 Each

📆 4/9/2020 2:45 pm
📰 dailymaverick

⏱ Reading Time:
11 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 84%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Yum China Holdings Inc. is telling prospective investors it plans to price its second listing in Hong Kong at HK$412 per share, putting it on course to raise HK$17.3 billion ($2.2 billion), according to people familiar with the matter.

The New York-listed company, which operates KFC and Pizza Hut in the world’s most populous country, is selling 41.91 million shares in the offering. A price of HK$412 would represent a 4.9% discount to its closing price of $55.92 on Thursday, according to Bloomberg calculations.

The Hong Kong offering’s final price will be determined later on Friday, the people said, asking not to be identified as the information is private. A representative for Yum China declined to comment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China to have a final say in TikTok sale to any US companyThe assertion jeopardises negotiations over the sale of ByteDance’s prized international asset, which deals are already under Trump scrutiny
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Tesla Share Price Has Gone MadBlunders with Paul Theron from Vestact
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Cartoon Thursday with RicoDefend Truth
Source: dailymaverick - 🏆 3. / 84 Read more »