Yum China, which operates KFC and Pizza Hut in China, could raise more than $2.5 billion in a Hong Kong share sale
China’s largest restaurant company has begun taking orders for a Hong Kong share sale that could raise more than $2.5 billion, in the latest move by a U.S.-listed Chinese company to seek a secondary listing in Hong Kong.
The offering by Yum China Holdings Inc., which operates KFC and Pizza Hut in China, reflects how the Chinese economy is moving past the coronavirus pandemic. As the outbreak peaked in February, Yum China was forced to close more than a third of its outlets, but it said in its prospectus nearly all of its restaurants...
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