Oct 11 Yum Brands Inc, owner of KFC and
Pizza Hut restaurant chains, said it expects to return as much
as $13.5 billion in capital to shareholders by 2019, once it
completes the separation of its Yum China unit.
The company also said it would increase franchise restaurant
ownership to 93 percent from 77 percent, at the time of the
China business separation, aiming to be least 98 percent
franchised by fiscal year ending 2018.
Yum Brands' China business will begin trading as a separate
company on Nov. 1 on the New York Stock Exchange with the ticker
(Reporting by Siddharth Cavale in Bengaluru; Editing by Martina