Haidilao hits over 4-1/2-year low on report key shareholder unloading shares

Haidilao International Holding

09/09/2026 07:38

** Shares of Chinese hot pot restaurant chain operator Haidilao International 6862.HK drop 12.1% to HK$10, lowest level since March 2022
** Stock last down 9.6%, on course for biggest one-day pct fall since March 25
** Top pct loser in benchmark Hang Seng Index .HSI, which is down 0.3%
** Haidilao's major shareholder plans to unload 260 million shares at HK$10.62 apiece, according to a Bloomberg report
** Haidilao did not immediately response to Reuters' request for comment
** Jefferies, with "Hold" rating, says the unexpected sell down by the shareholder at a discount from Tuesday's close is likely driven by personal funding arrangements 
** "While the 6.7% discount may weigh on near-term sentiment, we do not view the transaction as indicative of operational weakness and remain constructive on 3Q trends, with table turns continuing to improve in Jul-Aug and returning to slight positive YoY growth" - Jefferies
** YTD, stock down 27.9%, Hang Seng Index .HSI down 1.5%

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