Restaurant company Yum China to acquire a controlling interest in the Huang Ji Huang group, a leading Chinese-style casual dining franchise business.
Details are provided below:
- The acquisition is expected to close in early 2020
- Huang Ji Huang has over 640 restaurants in China and internationally
Yum China is the largest restaurant company in China, with over 8,700 restaurants till now
- Yum China is expanding its Chinese dining business with this transaction.
Yum China owns the Little Sheep, East Dawning and COFFii & JOY concepts rights in china.