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