Acquired: 10/31/2016 (spinoff from YUM, purchased 1/15/15)
Cost basis: $22.199
Current Portfolio Status: Hold
Dividend anticipated but unannounced. No announcement expected prior to 60 days post spin.
Shares held on account at Loyal3
Yum China Holdings, Inc. is a licensee of Yum! Brands in mainland China. It has exclusive rights in mainland China to KFC, Pizza Hut, and Taco Bell. Yum China also owns the Little Sheep and East Dawning concepts outright. It has a strong capital position, no external debt and expects to continue growing its system sales and profit by adding new restaurants and through growing same-store sales. Yum China has more than 7,300 restaurants and more than 400,000 employees in over 1,100 cities, and generated over $8 billion in system sales in 2015. The Company’s operational headquarters is located in Shanghai, People’s Republic of China with its’ primary US office in Plano, TX.