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BUZZ-Yum China HK shares hit near 5-month peak on expanding buyback authorization

Reuters
12/15
BUZZ-<a href="https://laohu8.com/S/YUMC">Yum China</a> HK shares hit near 5-month peak on expanding buyback authorization

** Hong Kong shares of Yum China Holdings Inc 9987.HK climb 2.1% to HK$382.2, their highest level since July 25, and on course for fourth straight session of gains

** U.S.-listed stock YUMC.N rose 1.9% on Friday

** The operator of KFC-to-Pizza Hut restaurant chain in China said the company's board of directors has increased the share repurchase authorization by $1 bln, bringing the total remaining authorization to $1.2 bln

** The company says it may repurchase shares in the open market in the U.S. and Hong Kong

** YTD, Yum China stock up 1.3%, benchmark Hang Seng Index .HSI up 28.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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