Brief: Haidilao International Says Decided To Shut Down Or Suspend Operation Of About 300 Restaurants By Dec 31

Haidilao International Holding

05/11/2021 10:36

Nov 5 (Reuters) - Haidilao International Holding Ltd
 6862.HK :
    * DECIDED TO ADJUST ITS RESTAURANT EXPANSION PLANNING
DECISIONS
    * DECIDED TO SHUT DOWN/SUSPEND OPERATION OF ABOUT 300
HAIDILAO
RESTAURANTS BY DECEMBER 31
    * TO SHUT DOWN/SUSPEND OPERATION OF RESTAURANTS WITH
RELATIVELY
LOW CUSTOMER TRAFFIC & UNSATISFYING RESULTS OF OPERATIONS
GRADUALLY
    * SOME RESTAURANTS WILL BE TEMPORARILY CLOSED OF NO MORE
THAN TWO
YEARS AND RESUME OPERATION IN APPROPRIATE TIMES
    * WILL NOT LAY OFF EMPLOYEES & WILL PROPERLY SETTLE
EMPLOYEES OF
SUCH RESTAURANTS WITHIN GROUP

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1105/2021110500946.pdf
Further company coverage:  6862.HK 

 ((Reuters.Briefs@thomsonreuters.com;))