Yum China to test appetite for second listingYum China is the operator of Pizza Hut and KFC in China. SING TAOYum China is working with China International Capital Corporation and Goldman Sachs to prepare for a second listing in Hong Kong, fueling a wave of US-listed Chinese companies returning to a market closer to home. The operator of Pizza Hut and KFC in China is working with the banks on the share sale, and the listing could take place as soon as this year, according to sources. A successful share sale by New York-listed Yum China would bolster the SAR's push to lure Chinese firms to raise funds in the protest-shaken city. Hong Kong Exchanges and Clearing (0388) said it's seeing a rise in inquiries about second listings from Chinese companies after Alibaba's (9988) HK$101.1 billion share sale in November.

Source: The Standard January 14, 2020 19:07 UTC