Caixin
Aug 17, 2022 06:02 PM
BUSINESS

Yum China to Convert Hong Kong Listing to Hedge Against U.S. Delisting

What’s new: Fast-food giant Yum China Holdings Inc. announced Monday it will convert its listing in Hong Kong from a secondary to a primary listing, joining a stream of Chinese firms seeking to hedge the risk of their stocks getting booted from U.S. exchanges.

The operator of ubiquitous KFC in China said the conversion is expected to take place on Oct. 24 and that investors will be able to trade the company’s shares in both Hong Kong and the U.S.

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