{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-339048","form_type":"8-K","ticker":"YUMC","cik":"0001673358","company_name":"Yum China Holdings, Inc.","filed_at":"2026-08-07T10:19:45+00:00","discovered_at":"2026-08-07T10:25:00.442468+00:00","generated_at":"2026-08-07T10:25:04.571899+00:00","sec_items":["1.01","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Yum China completes $1.2B Pizza Hut brand acquisition from Yum! Brands","bullets":["Completed acquisition of Pizza Hut brand in Mainland China from Yum! Brands for US$1.2B cash; first announced June 16, 2026.","3% license fee savings expected to add 2.8% to Pizza Hut restaurant and OP margins net of VAT, bringing margins closer to KFC.","Plans to accelerate Pizza Hut net new store openings from >600 to >800 per year in 2027-2028.","Deal expected slightly accretive to diluted EPS in 2026, mid-single-digit accretive in 2027-2028.","Funded with offshore RMB bridge loan ~US$1.2B, 12-month tenor, ~2% interest; longer-term financing under review."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-339048","json":"https://secwatch.observer/filing/0001193125-26-339048.json","markdown":"https://secwatch.observer/filing/0001193125-26-339048.md","text":"https://secwatch.observer/filing/0001193125-26-339048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1673358/000119312526339048/0001193125-26-339048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1673358/000119312526339048/yumc-20260807.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-07T10:25:04.571899+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"}