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Yum China cooks up $2.5bn HK secondary listing
Yum China Holdings, a fast food restaurant franchiser, launched the roadshow for its secondary listing in Hong Kong on Monday to strong early momentum from investors.
The US-listed company hit the market on Monday morning, with an offer that is expected to raise around $2.5bn, according to two sources close to the deal.
“Bookbuilding is going well; this deal was highly anticipated,” said one of the sources. “Given this is a secondary listing and ...Already a subscriber? Login
