China sovereign fund seeking control of US$8b Yum unit: sources
Temasek and Primavera Capital are separately vying for stakes in Yum China, they add
Hong Kong
CHINA wants to get control of the most popular fast-food chain in the country.
A consortium backed by sovereign fund China Investment Corp (CIC) has expressed interest in buying a majority stake in Yum! Brands Inc's China business, which runs more than 7,100 KFC and Pizza Hut eateries across the nation, people with knowledge of the matter said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO