Yum China shares set to open down 0.5per cent in Hong Kong market debut

Yum China shares set to open down 0.5per cent in Hong Kong market debut

Shares of Yum China Holdings Inc are set to open at HKUS$410 (US$52.90) each, down 0.5per cent from the offering price as the company's dual-listed stock began trading in Hong Kong on Thursday.

The booth of fast food restaurant company Yum China Holdings Inc. is seen at an investment and trad
FILE PHOTO: The booth of fast food restaurant company Yum China Holdings Inc. is seen at an investment and trade fair in Hefei, Anhui province, China May 17, 2017. REUTERS/Stringer

HONG KONG: Shares of Yum China Holdings Inc are set to open at HKUS$410 (US$52.90) each, down 0.5per cent from the offering price as the company's dual-listed stock began trading in Hong Kong on Thursday.

The operator of KFC, Taco Bell and Pizza Hut restaurants in China sold the stock at HKUS$412 each as it raised US$2.22 billion by selling 41.91 million shares as part of its secondary listing in the city.

(US$1 = 7.7501 Hong Kong dollars)

(Reporting by Scott Murdoch and Donny Kwok in Hong Kong; Editing by Christian Schmollinger)

Source: Reuters

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