- Yum China Holdings Inc YUMC announced the effectiveness of the Company’s voluntary conversion from its secondary listing status to an initial listing status on the Stock Exchange’s Main Board Hong Kong Limited (HKEX).
- Yum China is now a dual primary listed company on the HKEX in Hong Kong and on the New York Stock Exchange (NYSE) in the US
- The Company’s common shares listed on the two exchanges will continue to be fully fungible.
- Yum China common stock traded on HKEX is now included in both the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.
- “Our move to the primary listing in Hong Kong is expected to enhance our profile in the global capital markets and bring us even closer to our employees, customers, partners and shareholders,” said CEO Joey Wat.
- The Company will report its unaudited financial results for the third quarter ended September 30, 2022.
- Price promotion: YUMC shares are trading down 9.39% at $40.90 on the latest premarket Monday.
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