KFC unit in Shanghai

KFC unit in Shanghai

Yum dismisses activist investors’ urge to spin off China business

Company focuses on turning around performance in country

Yum! Brands Inc. activist investors are pushing for a spinoff of the company’s China business, but the quick-service operator said Wednesday that it is instead focused on turning around performance in that market.

Activist investors who have taken significant positions in Louisville, Ky.-based Yum publicly suggested that the company spin off its China business, which has been struggling over the past year amid a health scare there.

But during an earnings call Wednesday

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