Newsletter summary
Yum China (09987)Fifaasia2022.HK) buyback about 6% in New York and HKEx.Fifaasia2022.350 million shares and 15750 shares at a cost of about US $2.4 million and HK $4.6771 million, respectively.
Text of news flash
[09987.HK China spent about US $7.08 million to buy back 79250 shares] on May 12, Yum China (Yum) announced that it would repurchase about 63500 shares on the New York Stock Exchange for about US $2.4 million and 15750 shares on the Hong Kong Stock Exchange at a cost of about HK $4.6771 million.
According to the company announcement, the buyback operation is designed to enhance shareholder value and show the company's long-term development prospects.Fifaasia2022Confidence. The total number of shares repurchased this time is 79250 shares, which accounts for a relatively small proportion of the company's total share capital, but it still shows the company's affirmation of its own value.
In addition, Yum China also said that future share buybacks will be based on market conditions, the company's share price, financial situation and market expectations and other factors. This shows that the company will continue to pay close attention to the market dynamics and adjust its buyback strategy flexibly according to the actual situation.
Yum China, as a world-famous catering chain, has been affected by its share buyback operation.Fifaasia2022Has attracted wide attention from the market. This can not only enhance the company's market image, but also help to attract more investors' attention and investment.
Overall, Yum's share buyback operation in China is a positive move that helps boost market confidence and enhance the company's long-term value. In the future, the company will continue to adhere to a sound business strategy and strive to achieve sustainable development and maximize the interests of shareholders.
