Yum China announces 2024 share buyback in U.S. and Hong Kong for $750 million

Yum China Holdings Inc.
YUMC,
+0.95%
said Thursday it has entered into share buyback agreements in the U.S. and Hong Kong for an aggregate $750 million in 2024. The move is part of a plan to return $3 billion to shareholders and buybacks in the period stretching from 2024 to 2026. The stock was up 0.7% premarket but has fallen 16% in the year to date, while the S&P 500
SPX,
+0.16%
has gained 17%.