CMBI acted as Joint Global Coordinator (the only Chinese JGC), Joint Bookrunner and Joint lead manager for the HK secondary listing of Yum China (9987.HK)

Transaction Overview

Yum China Holdings, Inc. (“Yum China” or “the Company”, 9987.HK) successfully listed on the Hong Kong Stock Exchange on September 10, 2020. CMBI acted as Joint Global Coordinator (the only Chinese JGC), Joint Bookrunner and Joint Lead Manager for this listing.

Yum China was the first major global restaurant brand to enter China as early as 1987 and is the largest restaurant company in China in terms of 2019 system sales. Yum China has exclusive rights in mainland China to KFC, Pizza Hut, and Taco Bell. Yum China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii & JOY concepts outright. Yum China also partners with Lavazza to explore and develop the Lavazza coffee shop concept in China. The Company had 9,954 restaurants in over 1,400 cities at the end of June 2020.

Yum China issued 41,910,700 shares (assuming the Over-allotment Option is not exercised) with offering price fixed at HK$412.00, and the offering size was approximately HK$17,267 million (assuming the Over-allotment Option is not exercised). This transaction is the largest restaurant business listing of all time globally, in terms of offering size, and has been widely recognized by investors.

As the Joint Global Coordinator (the only Chinese JGC) of this transaction, CMBI fully leveraged distribution network and introduced plenty of high-quality orders, perfectly demonstrating CMBI's broad investor coverage and strong underwriting capability. This transaction has demonstrated the leading position of CMBI in the Consumer Sector.

About Yum China

Yum China was the first major global restaurant brand to enter China as early as 1987 and is the largest restaurant company in China in terms of 2019 System sales. Yum China has exclusive rights in mainland China to KFC, Pizza Hut, and Taco Bell. Yum China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii & JOY concepts outright. Yum China also partners with Lavazza to explore and develop the Lavazza coffee shop concept in China. The Company had 9,954 restaurants in over 1,400 cities at the end of June 2020.

Source: Prospectus


Disclaimer

This material is for reference only. Investor should rely only on the information contained in the Prospectus of this Global Offering to make investment decision.

Publish Date:2020-09-10
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