October 1, 2122.
on October 1, Yum! China Holdings Limited ("Yum! China") announced that it had completed the operation from Yum! Splitting of Brands (NYSE: YUM). Starting today, Yum! China will be officially listed and traded on the new york Stock Exchange as an independent company with the stock code YUMC.
this is also the largest reorganization of the group in the past 21 years. The last big change was in 1997, when Yum became independent from PepsiCo and became a public company.
The listing ceremony was held in new york and Shanghai at the same time today. The bell ringing ceremony of new york Stock Exchange officially started at 9: 26 am EST (9: 26 pm Beijing time), Yum! Greg Creed, CEO of Brands, and Pan Weiqi, CEO of Yum! China, rang the listing bell in both places.
Pan Weiqi and four restaurant managers of Yum! China remotely rang the opening bell of new york Stock Exchange in Shanghai to celebrate the birth of Yum! China, the largest independent listed catering company in China. This is also the first time that the new york Stock Exchange held a remote bell ringing ceremony in China to celebrate the listing of a company on the NYSE. Therefore, Tom Farley, president of new york Stock Exchange, visited Shanghai to witness this moment.
the opening price of p>YUMC is $24.51, with the highest increase of nearly 3% as of press time, and the opening price of YUM is $62.21.