Yum China Holdings Inc is telling prospective investors it plans to price its second listing in Hong Kong at HK$412 per share, putting it on course to raise HK$17.3 billion ($2.2 billion), according to people familiar with the matter. A price of HK$412 would represent a 4.9 percent discount to its closing price of US$55.92 on Thursday, according to Bloomberg calculations. Yum China’s New York shares fell by 3.5 percent in Thursday trading. The Hong Kong offering’s final price will be determined later today, the people said, asking not to be identified as the information is private. A representative for Yum China declined to comment.-Photo: China Daily

Source: The Standard September 04, 2020 02:15 UTC