Yum China announced today that the company has paid 1.2 billion US dollars to Yum! A transaction for Brands to acquire ownership of the Pizza Hut brand in mainland China. Yum China said that once the deal is completed, Pizza Hut China will no longer need to go to Yum! The cost savings brought by Brands by paying previously applicable franchise fees are expected to drive Pizza Hut's restaurant profit margin and operating margin after VAT deducted by 2.8%.

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