Yum China acquired 5% stake in Fujian Sunner Growth
SHANGHAI, March 16, 2021 / PRNewswire / – Yum China Holdings, Inc. (“Yum China“) (NYSE: YUMC and HKEX: 9987) introduced right now that it has acquired a 5% curiosity in Fujian Sunner Growth Co., Ltd. (” Sunner “, SZSE: 002299).
Based in 1983 and primarily based within the Fujian Province, Sunner is China’s largest producer of white feathered rooster. Sunner has a vertically built-in enterprise mannequin protecting your complete manufacturing chain, which primarily consists of elevating and elevating chickens, feed processing and meat processing.
“We’re delighted to turn out to be a strategic investor in Sunner, our largest provider of poultry. Yum China and Sunner are long-standing enterprise companions. Sunner’s administration staff has demonstrated distinctive execution capabilities over time, ”mentioned Joey wat, CEO of Yum China. “With this strategic funding, we stay up for bettering Yum China provide chain safety and deepening our collaborations with Sunner, together with within the areas of product improvement and improvements. ”
“Yum China has lengthy been Sunner’s largest buyer and has been an integral a part of our development from the beginning. Sunner is delighted to welcome Yum China as a strategic investor ”, declared Guangming fu, Founder and President of Sunner.
Yum China is the biggest catering firm in China by way of 2020 system gross sales, with 10,506 eating places in additional than 1,500 cities in December 2020.
This press launch accommodates “forward-looking statements” throughout the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Alternate Act of 1934, together with statements and opinions relating to the advantages of strategic investing. for Yum China Enterprise. We intend that each one forward-looking statements might be coated by the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements can usually be recognized by not relating strictly to reality. historic or present and by use of forward-looking phrases equivalent to “count on”, “hope”, “imagine”, “anticipate”, “could”, “might”, “intend”, “imagine”, “plan” “,” Estimate “,” goal “,” “predict”, “seemingly”, “will”, “ought to”, “predict”, “outlook”, “anticipate” or related terminology. These statements are primarily based on estimates and present assumptions we have now made in gentle of our expertise and our notion of historic tendencies, present circumstances and anticipated future developments, in addition to different elements that we deem applicable and cheap underneath the circumstances, however it could y There isn’t a assure that these estimates and assumptions will show to be appropriate. Ahead-looking statements aren’t ensures of efficiency and are inherently topic to recognized and unknown dangers and uncertainties that are tough to foretell and will trigger our precise outcomes to vary materially from these indicated by such statements. We can not assure that any of our expectations, estimates or assumptions might be realized. The forward-looking statements included on this press launch are made solely as of the date of this press launch, and we disclaim any obligation to publicly replace any forward-looking assertion to mirror subsequent occasions or circumstances, besides as required by legislation. required. All forward-looking statements needs to be evaluated considering their inherent uncertainty. It’s best to confer with our paperwork filed with the Securities and Alternate Fee (together with the data introduced underneath the headings “Threat Elements” and “Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operations” in our annual report on Type 10-Okay and Subsequent Quarterly Reviews on Type 10-Q) for extra particulars on elements that might have an effect on our monetary and different outcomes.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Manufacturers in mainland China. It owns the unique rights in mainland China to KFC, China’s main quick meals restaurant model, Pizza Hut, China’s main informal eating model. China, and Taco Bell, a Californiachain of eating places providing modern Mexican-inspired delicacies. Yum China additionally owns the little sheep, Huang Ji Huang, East Dawning and COFFii & JOY. As well as, Yum China partnered with Lavazza to discover and develop the Lavazza espresso idea by China. The corporate had 10,506 eating places in additional than 1,500 cities by the tip of December 2020. Yum China ranked # 361 on the Fortune 500 record for 2020. Yum China was named a frontrunner within the meals and beverage trade within the 2020 Dow Jones Sustainability Indices. In 2021, Yum China was named to the Bloomberg Gender Equality Index and was licensed Prime Employer 2021 in China by the Prime Employers Institute, each for the third consecutive 12 months. For extra info, please go to http://ir.yumchina.com.
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SOURCE Yum China Holdings, Inc.