Yum China sells Pizza Hut business for $2.7 billion

```htmlGolden Ten Data reported on June 16 that Yum Brands has reached an agreement to sell its Pizza Hut business for $2.7 billion to two different companies. Yum Brands stated in a press release that the Pizza Hut business, excluding Mainland China operations, will be acquired by the private equity firm LongRange Capital. The stores in Mainland China will be acquired by Yum China Holdings Limited.```