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YUM CHINA to Repurchase Approx. USD512M Shares in 2H26
2026-05-13 09:01:48 YUM CHINA (09987.HK)(YUMC.US) announced that it has entered into share repurchase agreements in the U.S. and Hong Kong for an aggregate repurchase amount of approximately US$512 million for the second half of 2026, commencing on July 1, 2026. The share repurchase agreements include approximately US$384 million in the U.S. and approximately HK$1 billion in Hong Kong. These agreements are in addition to the share repurchase agreements for the first half of 2026. The company remains on track to return US$1.5 billion to shareholders in 2026, including approximately US$400 million in dividends and US$1.1 billion in share repurchases, through a mix of systematic and discretionary buybacks. Beginning in 2027, Yum China intends to return approximately 100% of annual free cash flow after subsidiaries' dividend payments to non-controlling interests. This is anticipated to translate into an average annual return of approximately US$900 million to over US$1 billion in 2027 and 2028, and to exceed US$1 billion in 2028. ~ AASTOCKS Financial News Website: www.aastocks.com | |