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Yum China's VIE-linked deal faces formal challenge against fast-track process

By Yonnex Li ( May 19, 2020, 08:18 GMT | Insight) -- A deal involving a subsidiary of Yum China, which runs KFC and Pizza Hut brands in the country, is facing industry challenges against its qualification for an antitrust review under the Chinese fast-track process, MLex has learned. The transaction has previously drawn widespread attention due to its links to the controversial corporate structure known as variable interest entity, or VIE....

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