Is it true that Jack Ma bought KFC's business in China?

No acquisition, just an investment of $50 million.

20 15 10, Yum! Announced plans to split the group into two independent listed companies: Yum! China and Yum! Catering group. Among them, Yum! China plans to be independent with a relatively good financial structure and become a franchise store of Yum! Brand in Chinese mainland, and continue to have the exclusive franchise of the three major brands.

Chunhua Capital and Ant Financial obtained warrants, which allowed them to acquire an additional 4% stake in Yum! China is divided into two phases. The investment price is based on the weighted average price of Yum's trading volume. China stocks are 20% off from 3 1 day to 60 days after listing.

The split of Yum! China will be completed on June 5438+1October 3 1 as scheduled. After the split, Yum! China will be traded on the NYSE on June 5438+1 October1with the trading code "YUMC". Hu Zuliu, founder of Chunhua Capital, will be the non-executive chairman of Yum! China

The rumor that "Ma Yun bought KFC" is undoubtedly exaggerated. The announcement shows that Chunhua Capital's investment this time is 465.438 billion US dollars, while Ant Financial's investment is only 50 million US dollars. The two companies will acquire shares in Yum! Brands. China ranges from 4.3% to 5.9%, and the specific share will depend on the share price.

Extended information Yum! Brands announced on September 3rd, 2065438+June that it had reached an agreement with Chunhua Capital Group (hereinafter referred to as "Chunhua Capital") and Ant Financial Services Group (hereinafter referred to as "Ant Financial Services") to jointly invest 460 million US dollars in Yum! Brands China, and this investment will be synchronized with the separation of Yum! Brands and Yum! China

The spin-off listing of Yum! S China business and investment in Chunhua Capital and Ant Financial are expected to be completed simultaneously on1October 3 1 day and 20 16. After that, delicious! China will be listed and traded on the NYSE as an independent company from 2011with the code "YUMC".

According to the agreement, Chunhua Capital and Ant Financial will invest US$ 4,654,380+million and US$ 50 million in Yum respectively. China, respectively. The price per share is based on the weighted average price of Yum's trading volume. China shares will be discounted by 8% from 365,438+0 to 60 days after the split, and the final number of shares (within the set upper and lower limits) will be adjusted according to the price.

Chunhua Capital and Ant Financial also have two batches of stock options that can be exercised within five years, and each batch acquires about 2% of Yum's common stock. China, the exercise price is 654.38+0.2 billion USD and 654.38+0.5 billion USD respectively.

Delicious! Brandes also announced that Dr. Hu Zuliu, the founder of Chunhua Capital, will be the non-executive chairman of the board of directors of Yum! China Prior to the establishment of Chunhua Capital, Dr. Hu served as the chairman of China.

Phoenix Net-Ma Yun bought KFC? Exaggeration! Ant Financial only invested $50 million.

Phoenix. Com- Ma Yun's 30-year revenge was finally paid: I really bought KFC.