Yum China (09987.HK): Plans to Acquire Ownership of Pizza Hut Brand in Chinese Mainland for USD1.2 Billion

NewTimeSpace News: On June 16, 2026, Yum China (09987.HK) announced that it has entered into an agreement with Yum! Brands to acquire all intellectual property rights and relevant entitlements pertaining to the Pizza Hut brand in the Chinese Mainland for cash consideration of USD1.2 billion.

Upon completion of the transaction, Yum China will no longer pay franchise royalties for Pizza Hut. The consideration represents an approximate price-to-earnings multiple of 19.5 times, and the closing is expected to take place in the third quarter of 2026.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.