Yum China Holdings Inc filed an application for a secondary listing in Hong Kong on Friday, a rising trend among some Chinese firms to list ...
Yum China Holdings Inc filed an application for a secondary listing in Hong Kong on Friday, a rising trend among some Chinese firms to list closer to home in a bid to mitigate risks from escalating U.S.-China tensions.28 Aug 2020 10:20PMREUTERS: Yum China Holdings Inc filed an application for a secondary listing in Hong Kong on Friday, a rising trend among some Chinese firms to list closer to home in a bid to mitigate risks from escalating U.S.-China tensions.
The owner of KFC, Taco Bell and Pizza Hut restaurants in China expects the New York Stock Exchange to continue to be its primary listing, it said in a filing https://bit.ly/3gEyh3f.The company could raise about US$2 billion in its Hong Kong listing, Bloomberg reported in June. Its market capitalization stood at nearly US$21 billion, according to Refinitiv data based on its last closing share price on Thursday.
The Nasdaq-listed Chinese e-commerce retailer JD.com had in June raised US$3.87 billion in its Hong Kong secondary listing , the city's biggest so far this year.
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