Yum boosts presence in China with stake in ‘hot-pot’ chain

Yum boosts presence in China with stake in ‘hot-pot’ chain

LOUISVILLE KY. Yum! Brands Inc. is set to pay $63 million to purchase a 20-percent stake in Little Sheep Group Ltd., a China-based operator of 375 “hot pot” restaurants, in a move that could further extend the quick-service franchisor’s reach in China. —

The transaction, which the company announced late last month and is expected to close this summer, makes Yum Brands the second-largest shareholder in

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