China's Haidilao hits 4-1/2-year low as key shareholder trims stake

Haidilao International Holding

10/09/2026 04:06

** Shares of Haidilao International Holding 6862.HK slip 3.7% to HK$9.96, the lowest level since March 2022 
** Stock fell 9.1% on Wednesday on report of key shareholder unloading shares
** The Chinese hotpot chain said on Wednesday after the market closed that SP NP Ltd, a member of its controlling shareholder group, sold 259 million shares, or 4.65% of the issued share capital, in a block trade, trimming its stake to about 45.49%
** The sale was made solely to meet SP NP's own funding needs and financial arrangements and was unrelated to Haidilao's operations, financial condition or prospects, the company said in the statement
** YTD, stock down 29.8%, benchmark Hang Seng Index .HSI down 2.6%



 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))