Yum China Holdings Inc

NYSE:YUMC   3:59:59 PM EDT
43.03
+2.33 (+5.72%)
4:00:02 PM EDT: $43.03 0.00 (0.00%)
Other Pre-Announcement

Update On Dispute About Royalties On Delivery And Aggregator Platform Fees With Yum! Brands

Published: 05/11/2022 10:24 GMT
Yum China Holdings Inc (YUMC) - Update on Dispute About Royalties on Delivery and Aggregator Platform Fees With Yum! Brands.
Yum China - Believes, Pursuant to Master License Agreement, Delivery and Aggregator Platform Fees Should Not Be Subject to Royalties.
Yum China - May Also Seek to Recoup Additional Royalty Fee Payments From Nov.
1, 2016 to Dec.
31, 2021 With Respect to Delivery-related Fees.
Yum China - Royalty Fee Amount in Dispute for Q1 Ended March 31, 2022 is Approximately $2 Million.
Yum China - May Also Seek to Recoup Additional Royalty Fee Payments From Nov 1, 2016 to Dec 31, 2021 With Respect to Such Delivery-related Fees.
Yum China - Does Not Expect Dispute Resolution Process to Have Material Impact on Operations, Results & Long Term Partnership With Yum Brands.