Yum China to Repurchase $360 Million Shares-May 2024-www.financetom.com

Yum China to Repurchase $360 Million Shares

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Yum China to Repurchase $360 Million Shares

Dec 5, 2024 2:59 PM

05:30 PM EST, 12/05/2024 (MT Newswires) -- Yum China ( YUMC ) said late Thursday it signed agreements to repurchase shares in the US and Hong Kong for about $360 million in H1 2025, starting Jan. 6.

The repurchase agreements include $290 million in the US and HK$550 million ($70.7 million) in Hong Kong, according to the company.

The agreements are part of the share repurchase program under the $4.5 billion capital allocation plan, Yum China ( YUMC ) added.

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