Yum China's quarterly restaurant sales down ahead of spin-off
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Los Angeles
YUM Brands Inc on Wednesday posted an unexpected decline in quarterly sales at established China restaurants, citing protests sparked by an international court's rejection of the country's claim to historic rights in the South China Sea.
Shares in Yum, which will spin off its China restaurants on Oct 31, fell 2.2 per cent to US$86.71 in after-hours trading.
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