---
title: "Brief News: YUM CHINA plans to acquire the operator of KFC and Pizza Hut in Hong Kong, Macau, and Taiwan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286542512.md"
description: "YUM China Holdings, Inc. and The Carlyle Group intend to acquire the restaurant business under Jardine Matheson, primarily operating KFC and Pizza Hut in the Hong Kong, Macau, and Taiwan regions. The business is valued at approximately $400 million, operating around 1,000 stores, with an annual EBITDA of about $35 million to $40 million. Non-binding bids will close this week, with other bidders including Uni-President Enterprises and several private equity firms"
datetime: "2026-05-15T09:55:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286542512.md)
  - [en](https://longbridge.com/en/news/286542512.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286542512.md)
---

# Brief News: YUM CHINA plans to acquire the operator of KFC and Pizza Hut in Hong Kong, Macau, and Taiwan

Restaurant operator **YUM China Holdings, Inc.** (YUMC.US; 9987.HK) is reportedly interested in acquiring the restaurant business division of **Jardine Matheson Holdings Limited** (JARD.SI) in partnership with private equity giant **The Carlyle Group** (CG.US). This division is primarily responsible for operating KFC and Pizza Hut fast-food chains in the Hong Kong, Macau, and Taiwan regions.

According to a report by Reuters this week, citing two insiders, other bidders include Taiwanese food giant **Uni-President Enterprises Corporation** (1216.TW) and several private equity firms. Sources indicate that this Hong Kong-based business division is valued at approximately $400 million and currently operates around 1,000 KFC and Pizza Hut outlets in Hong Kong, Macau, Taiwan, as well as Vietnam and Myanmar.

The report states that the business has an annual earnings before interest, taxes, depreciation, and amortization (EBITDA) of about $35 million to $40 million and reveals that non-binding bids will close this week.

The Carlyle Group agreed to acquire the KFC business in South Korea last December and was also part of the consortium that acquired the controlling stake in **McDonald's** (MCD.US) China business in 2017, exiting the investment in 2023. As for YUM China, it has become the franchisee for KFC and Pizza Hut in mainland China since its spin-off from **YUM Brands, Inc.** (YUM.US) in 2016.

_Yang Ge_

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