{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-272893","form_type":"8-K","ticker":"YUMC","cik":"0001673358","company_name":"Yum China Holdings, Inc.","filed_at":"2026-06-16T21:18:32+00:00","discovered_at":"2026-06-16T21:20:00.374049+00:00","generated_at":"2026-06-16T21:20:19.439273+00:00","sec_items":["1.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Yum China to acquire Pizza Hut IP rights in China from Yum! Brands for $1.2B cash","bullets":["Purchase price $1.2B cash; expected closing Q3 2026; not subject to financing condition.","Acquired entities hold Pizza Hut brand IP and related rights for the PRC.","Existing KFC/Taco Bell master license amended; Yum China may earn incentives based on KFC system sales growth targets over 12 years.","Yum China to fund via cash and debt; no termination fees; specific performance rights included.","Closing not before August 17, 2026; subject to customary conditions including no prohibitive law."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-272893","json":"https://secwatch.observer/filing/0001193125-26-272893.json","markdown":"https://secwatch.observer/filing/0001193125-26-272893.md","text":"https://secwatch.observer/filing/0001193125-26-272893.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1673358/000119312526272893/0001193125-26-272893-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1673358/000119312526272893/yumc-20260616.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T21:20:19.439273+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":[{"claim_id":"3ff46a4b0de802d37b892165eabbf6627fbbfa70","claim":"Yum China Holdings, Inc. entered into Membership Interest Purchase Agreement with Yum! Brands, Inc. valued at US$1.2 billion (effective 2026-06-16).","evidence_excerpt":"On June 16, 2026, Yum China Holdings, Inc., a Delaware corporation (the “Company” or “Yum China”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Yum! Brands, Inc., a North Carolina corporation (“Yum! Brands”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1673358/000119312526272893/0001193125-26-272893-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Yum! Brands, Inc."},{"label":"Value","value":"US$1.2 billion"},{"label":"Effective","value":"2026-06-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}