Tag: Yum China

5 Chinese Companies Named by US Regulators for Potential Delisting, Triggering Stock Plunge

March 14, 2022
AlibabaBusiness & EconomyChinaChina Business & EconomyChinese RegimedelistingMarketsNASDAQSECUS-China relationsYum China
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Five Chinese companies have been included in a provisional list of 270 companies by the U.S. Securities and Exchange Commission (SEC) to be delisted from U.S. stock markets. If these companies fail to submit detailed audit documents supporting their financial statements within the required time frame, they will be forced out from American exchanges by…

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Yum China Warns Quarterly Profit to Decline over 50 Percent Due to Delta Variant

September 18, 2021
ChinaChina Business & EconomyKFCPizza HutreductionYum China
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U.S.-listed shares of Yum China Holdings Inc. fell over 10 percent since reporting Tuesday that its adjusted operating profit may decline over 50 percent in the third quarter due to the wide impact of COVID-19 in China. Until Friday, the shares of the KFC operator in China had gone down three days in a row to $54.85 per…

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