介绍:
Yum Brands, which owns fast food chains KFC and Pizza Hut, has announced details regarding its China spin-off operation.
The China arm will continue to be based and listed in the United States.
It will also explore IPO opportunities in Hong Kong and other Asian exchanges.
After the spin-off, Yum will continue to receive a license fee of 3 percent of system sales.
Yum China has been a main driver of the company's profit.
But the company saw great fluctuation on its profits in recent years due to food safety scandals, marketing mishaps, intensifying local competition and cooling economic growth.
Yum Brands said the spin-off plan aims to pay a more predictable royalty stream to its sister company.
The company announced the decision to separate its China operation in October this year.
It currently runs around 69-hundred restaurants across 1-thousand Chinese cities and has plans to triple the number of restaurants.
大家还在听
