STOCK TITAN

Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends

Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987) has announced that its board of directors will consider declaring and paying a quarterly dividend. This announcement is in compliance with the Hong Kong Stock Exchange (HKEX) rules, which require advance notice of board meetings where dividends are expected to be declared. If the Board decides to proceed, the dividend declaration will be adopted by resolution on or around August 6, 2024 (Beijing/Hong Kong Time) and promptly disclosed. Yum China emphasizes that no Board resolution has been adopted yet, and there is no assurance that the dividend will be declared. The company provides access to its HKEX filings through its Investor Relations website.

Yum China Holdings, Inc. (NYSE: YUMC e HKEX: 9987) ha annunciato che il suo consiglio di amministrazione esaminerà la possibilità di dichiarare e pagare un dividendo trimestrale. Questo annuncio è conforme alle regole della Borsa di Hong Kong (HKEX), che richiedono un preavviso riguardo le riunioni del consiglio in cui ci si aspetta che vengano dichiarati i dividendi. Se il Consiglio decide di procedere, la dichiarazione del dividendo sarà adottata tramite risoluzione intorno al 6 agosto 2024 (ora di Pechino/Hong Kong) e sarà tempestivamente comunicata. Yum China sottolinea che non è stata ancora adottata alcuna risoluzione da parte del Consiglio e non vi è alcuna garanzia che il dividendo venga dichiarato. L'azienda fornisce accesso ai suoi documenti HKEX tramite il sito web delle Relazioni con gli Investitori.

Yum China Holdings, Inc. (NYSE: YUMC y HKEX: 9987) ha anunciado que su consejo de administración considerará declarar y pagar un dividendo trimestral. Este anuncio cumple con las normas de la Bolsa de Hong Kong (HKEX), que requieren un aviso previo sobre las reuniones del consejo donde se espera que se declaren dividendos. Si el Consejo decide proceder, la declaración del dividendo se adoptará mediante resolución alrededor del 6 de agosto de 2024 (hora de Pekín/Hong Kong) y se comunicará de inmediato. Yum China enfatiza que aún no se ha adoptado ninguna resolución por parte del Consejo y no hay garantía de que se declare el dividendo. La empresa proporciona acceso a sus presentaciones de HKEX a través de su sitio web de Relaciones con Inversores.

Yum China Holdings, Inc. (NYSE: YUMC 및 HKEX: 9987)은 이사회가 분기 배당금을 선언하고 지급하는 것을 검토할 것이라고 발표했습니다. 이 발표는 배당금 선언이 예상되는 이사회 회의에 대한 사전 통지를 요구하는 홍콩 증권 거래소(HKEX) 규정을 준수합니다. 이사회가 진행하기로 결정할 경우, 배당금 선언은 2024년 8월 6일 경에 결의안으로 채택될 것이며 (베이징/홍콩 시간) 즉시 공시됩니다. Yum China는 아직 이사회의 결의안이 채택되지 않았으며, 배당금이 선언될 것이라는 보장이 없음을 강조합니다. 회사는 투자자 관계 웹사이트를 통해 HKEX 제출 문서에 접근할 수 있도록 제공합니다.

Yum China Holdings, Inc. (NYSE: YUMC et HKEX: 9987) a annoncé que son conseil d'administration envisagera de déclarer et de payer un dividende trimestriel. Cette annonce est conforme aux règles de la Bourse de Hong Kong (HKEX), qui exigent un préavis concernant les réunions du conseil où des dividendes sont supposés être déclarés. Si le Conseil décide de procéder, la déclaration du dividende sera adoptée par résolution aux alentours du 6 août 2024 (heure de Pékin/Hong Kong) et divulguée rapidement. Yum China souligne que aucune résolution du Conseil n'a encore été adoptée et qu'il n'y a aucune garantie que le dividende sera déclaré. L'entreprise fournit un accès à ses dépôts HKEX via son site web des Relations avec les Investisseurs.

Yum China Holdings, Inc. (NYSE: YUMC und HKEX: 9987) hat bekannt gegeben, dass ihr Vorstand die Möglichkeit prüfen wird, eine vierteljährliche Dividende zu erklären und zu zahlen. Diese Ankündigung erfolgt in Übereinstimmung mit den Regeln der Hongkonger Börse (HKEX), die eine vorherige Mitteilung über Vorstandssitzungen erfordern, in denen die Erklärung von Dividenden erwartet wird. Wenn der Vorstand entscheidet, fortzufahren, wird die Dividendenankündigung voraussichtlich um den 6. August 2024 (Peking/Hongkong-Zeit) durch Beschluss angenommen und umgehend offengelegt. Yum China betont, dass noch kein Vorstandsbeschluss gefasst wurde und es keine Garantie dafür gibt, dass die Dividende erklärt wird. Das Unternehmen stellt über seine Investor Relations-Website Zugang zu seinen HKEX-Unterlagen bereit.

Positive
  • Potential declaration of a quarterly dividend, indicating financial stability
  • Compliance with HKEX rules, demonstrating good corporate governance
Negative
  • Uncertainty regarding the actual declaration of the dividend

SHANGHAI, July 24, 2024 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance notice of board meetings at which a dividend is expected to be declared, that its board of directors (the "Board") will consider the declaration and payment of a quarterly dividend (the "Dividend"). If the Board decides to proceed, the declaration will be adopted by Board resolution on or around August 6, 2024 (Beijing/Hong Kong Time) and will be promptly disclosed by the Company.

The Company makes available through the Investor Relations section of its internet website at http://ir.yumchina.com its filings with the HKEX as soon as reasonably practicable after electronically filing such material with the HKEX. These filings may also be obtained by visiting the HKEX's website at http://www.hkex.com.hk.

As no Board resolution in relation to the Dividend has been adopted as of the date of this press release, there is no assurance that the Dividend will be declared.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will," "continue," "should," "forecast," "outlook" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.

About Yum China Holdings, Inc. 

Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company has over 400,000 employees and operates over 15,000 restaurants under six brands across 2,000 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world's most innovative pioneer in the restaurant industry. For more information, please visit http://ir.yumchina.com.

Investor Relations Contact
Tel: +86 21 2407 7556
E-mail: IR@yumchina.com 

Media Contact
Tel: +86 21 2407 8288 / +852 2267 5807
E-mail: Media@yumchina.com 

Cision View original content:https://www.prnewswire.com/news-releases/yum-china-announces-disclosure-under-hong-kong-stock-exchange-rules-in-relation-to-a-possible-quarterly-dividend-302205336.html

SOURCE Yum China Holdings, Inc.

FAQ

When will Yum China's board of directors consider declaring a quarterly dividend?

Yum China's board of directors will consider declaring a quarterly dividend on or around August 6, 2024 (Beijing/Hong Kong Time).

Is Yum China (YUMC) guaranteed to pay a dividend based on this announcement?

No, the announcement states that there is no assurance the dividend will be declared, as no Board resolution has been adopted yet.

Where can investors find Yum China's (YUMC) HKEX filings?

Investors can access Yum China's HKEX filings through the Investor Relations section of the company's website at http://ir.yumchina.com or directly from the HKEX website at http://www.hkex.com.hk.

What stock exchanges is Yum China (YUMC) listed on?

Yum China is listed on the New York Stock Exchange (NYSE) under the ticker YUMC and on the Hong Kong Stock Exchange (HKEX) under the code 9987.

Yum China Holdings, Inc.

NYSE:YUMC

YUMC Rankings

YUMC Latest News

YUMC Stock Data

12.93B
384.42M
0.3%
86.73%
2.42%
Restaurants
Retail-eating Places
Link
United States of America
PLANO