Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Yum Brands buy 20% stake in China restaurant

by Tony Sagami on March 25, 2009

in General

If you’ve never enjoyed a Chinese ‘hot pot’ dinner, you’re missing out on one of the greatest meals in all of China. You do need a cast iron stomach and an affinity for HOT food. But I absolutely love them.

Yum Brands (YUM: 64.75 +0.31 +0.48%)is pay $63 million for a 20% stake in Little Sheep Group, a 375 Chinese restaurant chains that specializes in mutton hot pot dishes.

Good move. Little Sheep’s stocks has jumped 44% so far in 2009.

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