Key facts
- Haidilao International Holding Ltd. shares fell 9.1% on Wednesday.
- An offshore family trust linked to the founding family sold a 4.65% stake.
- The stake was sold for HK$2.75 billion ($351 million).
Shares of hotpot chain Haidilao International Holding Ltd. experienced a sharp decline of 9.1% on Wednesday. This drop followed the sale of a 4.65% stake by an offshore family trust associated with the company's founding family. The transaction was valued at HK$2.75 billion, equivalent to $351 million. Market analysts indicated that this unexpected sale could negatively affect investor sentiment in the short term, despite the company's operational performance remaining robust.