Haidilao hits record low after granting loan to controlling shareholder

Haidilao International Holding

13/10/2026 04:12

** Shares of Haidilao International 6862.HK fall 6.9% to HK$8.925, their record low since debut in September 2018
** Stock set for biggest one-day pct decline since September 9, snapping three straight gaining sessions
** Chinese hot pot restaurant chain operator says it has agreed to grant its chairman and controlling shareholder Zhang Yong a loan facility of 100 million yuan ($14.94 million) for a term of one month at an interest rate of one-month HIBOR plus 60 basis points
** Says the loan is unsecurred and shall be used solely for Zhang's personal financial arrangements
** Citi trims target price to HK$15.5 from HK$19.3, expecting negative sentiment in the short term, given renewed market concerns on Haidilao controlling shareholder's funding needs
** YTD, stock down 36.9%, benchmark Hang Seng Index .HSI down 6.1%



($1 = 6.6953 Chinese yuan renminbi)

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