Little Sheep Group

Yum! Brands, the world's biggest operator of fast food restaurants, will complete its takeover and privatisation of Little Sheep Group next week after getting the go-ahead to withdraw the Chinese hotpot chain's shares from Hong Kong's main board.

In a joint announcement yesterday, Little Sheep, Yum! Brands and its wholly owned subsidiary Wandle Investments said the Hong Kong stock exchange had approved the withdrawal of listing with effect from 4pm on February 2.