Citibank lowered Haidilao's target price. Earlier, the restaurant chain agreed to provide a loan of RMB 100 million to its chairman Zhang Yong for its personal financial arrangements. Citi said the move may once again raise investors' concerns about the controlling shareholders' capital requirements. Analyst Xiaopo Wei wrote in a report: “Given that this loan occurred only about five weeks after the controlling shareholder reduced their holdings on September 8, we expect investor sentiment towards Haidilao to turn negative in the short term, considering that the market is once again concerned about its controlling shareholders' capital needs.” Citi lowered its target price for Haidilao from HK$19.3 to HK$15.5.

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