Yum China Authorizes Additional $1 Billion in Buybacks
March 17 2022 - 5:39AM
Dow Jones News
By Will Feuer
Yum China Holdings Inc. said its board has authorized an
additional $1 billion in share repurchases, bringing its total
authorization to $2.4 billion worth of shares.
Since 2017, the company has repurchased about $971 million,
meaning the company has about $1.4 billion worth of share
repurchases remaining under the expanded authorization.
"The Board's approval to expand our share repurchase program
reflects the strength of our balance sheet and our ability to
generate strong cash flow," Chief Executive Joey Wat said.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
March 17, 2022 06:24 ET (10:24 GMT)
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