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Yum China to raise $2.2bn amid lukewarm Hong Kong demand

KFC operator's stock offering priced at greater discount than peers

HONG KONG -- Yum China, which operates KFC, Taco Bell and Pizza Hut restaurants in the country, is set to raise $2.2 billion amid lukewarm demand for the shares it is listing in Hong Kong.

The company on Friday said it had finalized pricing of its offering at 412 Hong Kong dollars ($53.16) a share, 4.8% lower than their Thursday closing price in the U.S.

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