Jingtian & Gongcheng and Sidley Austin have advised Yum China Holdings on its $2.2 billion secondary listing on the mainboard of HKEX, with Commerce and Finance Law Offices, Freshfields Bruckhaus Deringer and Simpson Thacher & Bartlett counselling the sole sponsor, underwriters, joint global coordinators and bookrunners.

Yum China Holdings was spun off from Yum! Brands in 2016 and it’s been trading on the NYSE ever since. It is one of the largest restaurant companies in China and its subsidiary brands include KFC, Taco Bell and Pizza Hut.

The Jingtian & Gongcheng team was led by partners Zhiqiang Zhang and Tezhi Ling.