Yum China makes an application for volunteer conversion to main listing on Hong Kong stock market

Yum China Holdings Inc. YUMC, +0.44% claimed Monday it has actually requested a volunteer conversion of its second listing condition on the Hong Kong stock market to a main listing. In conformity with exchange regulations, the business will certainly call an unique investor conference on Oct. 11 to look for authorization for the relocation. Yum China will certainly end up being double key noted on the New York Stock Exchange and also Hong Kong exchange if investors accept the step as well as the exchange concurs. “This calculated relocation would certainly better expand our investor world, boost liquidity as well as alleviate the threat of delisting from the NYSE,” the business claimed in a declaration. Shares were down 1.3% premarket and also have actually dropped 3.6% in the year to day, while the S&P 500 SPX, +0.36% has actually dropped 10%.