Deals
Yum China to Work With CICC, Goldman on Hong Kong Listing
- The proposed second listing could happen as soon as this year
- Yum China follows Alibaba in tapping Hong Kong market
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Yum China Holdings Inc. is working with China International Capital Corp. and Goldman Sachs Group Inc. on the preparations of a second listing in Hong Kong, fueling the wave of U.S.-listed Chinese companies returning to a market that’s closer to home.
The operator of Pizza Hut and KFC restaurants in China is working with the banks on the share sale, according to people familiar with the matter. The listing could take place as soon as this year, said the people, who asked not to be identified as the information is private.