Yum China Holdings Inc.
YUMC,
said Thursday it has entered into share buyback agreements in the U.S. and Hong Kong for an aggregate $750 million in 2024. The move is part of a plan to return $3 billion to shareholders and buybacks in the period stretching from 2024 to 2026. The stock was up 0.7% premarket but has fallen 16% in the year to date, while the S&P 500
SPX,
has gained 17%.
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