Yum China has Acquired a 5% Equity Interest in Fujian Sunner Development
Yum China Holdings, Inc. announced that it has acquired a 5% equity interest in Fujian Sunner Development Co., Ltd.
Founded in 1983 and headquartered in the Fujian Province, Sunner is China's largest white- feathered chicken producer. Sunner has a vertically integrated business model covering the full production chain, which primarily includes chicken breeding and farming, feed processing and meat processing.
"We are excited to become a strategic investor in Sunner, our largest poultry supplier. Yum China and Sunner are longstanding business partners. The management team of Sunner has demonstrated exceptional execution capabilities over the years," said Joey Wat, CEO of Yum China. "With this strategic investment, we look forward to...
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