On June 1, Yum China fell 3.15% in regular trading, trading at HK$331.6/share, with trading volume of HK$73.07 million.
On the news front, reports emerged that Yum China was not included in the second-round buyer list for Jardine Dining Group's divestiture. The transaction involves over 1,000 KFC and Pizza Hut stores across Hong Kong, Macau, Taiwan, Vietnam, and Myanmar, valued at approximately US$400-500 million. Other first-round bidders reportedly included Carlyle Group, Uni-President Group, and EQT. The exclusion dashed market expectations for Yum China's external M&A expansion.
Despite the company maintaining daily dual-market share buybacks of approximately US$3 million and HK$7.74 million with subsequent cancellation, the repurchase program has been insufficient to offset near-term selling pressure. Within the Restaurants sector, Yum China significantly underperformed peers, with Meituan-W up 3.68%, Mixue Group up 5.16%, Guming up 4.04%, and Chabaidao up 2.1%.
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