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.
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