Yum China completed the acquisition of a majority stake in Huang Ji Huang.

Yum China, the largest restaurant company in China, completed the acquisition of a majority stake in Huang Ji Huang, a Chinese-style casual dining franchise business. Financial terms were not disclosed. Following the acquisition, Yum China will establish a Chinese Dining Business Unit comprising three core Chinese dining brands, Little Sheep, East Dawning, and Huang Ji Huang. The Company aims to gain a stronger foothold and enhanced know-how in the Chinese dining space, which represents a significant share of the dining market in China. With Yum China's scale and system capabilities, and Huang Ji Huang's track record and capabilities of product R&D, franchisee management, and Chinese dining know-how, the acquisition is expected to create synergies.