CHINA, Shanghai. Yum China Holdings announced that it has acquired a 5% equity interest in Fujian Sunner Development.
Founded in 1983 and headquartered in the Fujian Province, Sunner is China's largest white- feathered chicken producer. Sunner has a vertically integrated business model covering the full production chain, which primarily includes chicken breeding and farming, feed processing and meat processing. Yum China is the largest restaurant company in China in terms of 2020 system sales, with 10,506 restaurants in over 1,500 cities at the end of December 2020.
"We are excited to become a strategic investor in Sunner, our largest poultry supplier. Yum China and Sunner are longstanding business partners. The management team of Sunner has demonstrated exceptional execution capabilities over the years," said Joey Wat, CEO of Yum China.