{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-271854","form_type":"8-K","ticker":"YUMC","cik":"0001673358","company_name":"Yum China Holdings, Inc.","filed_at":"2026-06-16T12:21:14+00:00","discovered_at":"2026-06-16T12:25:00.344463+00:00","generated_at":"2026-06-16T12:25:09.146291+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Yum China to acquire Pizza Hut brand in Mainland China for $1.2B cash","bullets":["Cash consideration of $1.2B; implied LTM P/E of 19.5x, a 17% discount to peer median.","Pizza Hut 2025 revenue $2.3B, op profit $183M; targets 6,000 stores by 2028 and double op profit by 2029.","Transaction expected to close Q3 2026; immediately accretive to diluted EPS and margins once closed.","No change to FY 2026 guidance on like-for-like basis; capital return plans reaffirmed ($1.5B in 2026).","KFC China to receive decade-long financial incentive from Yum! Brands based on system sales growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-271854","json":"https://secwatch.observer/filing/0001193125-26-271854.json","markdown":"https://secwatch.observer/filing/0001193125-26-271854.md","text":"https://secwatch.observer/filing/0001193125-26-271854.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1673358/000119312526271854/0001193125-26-271854-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1673358/000119312526271854/yumc-20260616.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T12:25:09.146291+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}