Yum China stocks gained driven by BlackRock stock purchase, recovery outlook in China
Yum China stocks gained driven by BlackRock stock purchase, recovery outlook in China

Yum China stocks gained driven by BlackRock stock purchase, recovery outlook in China

Shares of Yum China gained 3.4% to close at HK$449 in Hong Kong. 

BlackRock, Inc spent HK$1.304 billion bought 2.99 million shares of Yum China on December 16, at an average price of HK$435.9707 apiece, according to a filing to the Hong Kong Stock Exchange. After the purchase, BlackRock's stake in Yum China increased to 7.17% from 6.46%. 

The recovery f China's catering, tourism and hotel industry . . .

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