百胜拟全吞小肥羊（Yum intends to swallow little sheep）.doc

百胜拟全吞小肥羊（Yum intends to swallow little sheep） Recently, the leading Alibaba founder Ma Yun group, the companys stake in Alipay was adjusted to become a completely by local companies wholly owned enterprises, Alibaba and foreign shareholders of YAHOO no equity relationship. On the other hand, the United States Yum announced in May 13th to spend about $4 billion 557 million (about 30% premium) cash buyout (00968.HK) stake in little sheep. Once the acquisition is completed, Yum will small sheep second shareholders become the first major shareholders have absolute control, and the little sheep from Hongkong stock exchange delisting, little sheep, the two founders Zhang Gang and Chen Hongkai will continue to participate in the company management work of little sheep. At present, the transaction is still subject to the relevant regulatory authorities Chinese approval and small independent shareholders get little sheep to be completed by. The two change in the enterprises equity case of the protagonist is Chinese entrepreneurs founded in the mainland market, and also relates to equity game China local entrepreneurs and foreign shareholders, but different results -- into a retreat. In addition to the Alipay domestic different, yum M a little sheep also so that market participants recalled the case of Coca-Cola two years ago by Huiyuan failed. However, experts said that the possibility of repeat restaurant Yum is not great. Win weekly reporter Wei Changchun. Yum intends 30% premium swallow little sheep In May 13, 2011, the suspension of nearly three weeks listed in Hongkong restaurant chain Little Sheep Group Co. Ltd. (0968.HK, hereinafter referred to as little sheep) announced that the second largest shareholder of the United States Yum intends to HK $6.5 per share price, its stake in little sheep increased from 27.2% to 93.2%, and the little sheep privatization, involving the acquisition of the total cost of approximately HK $4 billion 557 million. Owns KFC, Pizza Hut and