Yum China Holdings Inc YUMC announced the effectiveness of the company’s voluntary conversion of its secondary listing status to a primary listing status on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX).
Yum China is now a dual-primary-listed company on the HKEX in Hong Kong and the New York Stock Exchange (NYSE) in the U.S.
The company’s common stock listed on the two exchanges will continue to be fully fungible.
Yum China’s common stock traded on HKEX are now included in both Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.
“Our conversion to primary listing in Hong Kong is expected to enhance our profile in the global capital markets and bring us even closer to our employees, customers, partners and shareholders,” said CEO Joey Wat.
The company will report its unaudited financial results for the third quarter ended September 30, 2022.
Price Action: YUMC shares are trading lower by 9.39% at $40.90 in premarket on the last check Monday.
