The Zhitong Finance App learned that Haidilao (06862) fell nearly 3% in the intraday session today. As of press release, it was down 1.85% to HK$9.3, with a turnover of HK$192 million.

According to the news, recently, Haidilao issued an announcement stating that it will provide Chairman Zhang Yong with a maximum loan of 100 million yuan for a period of one month. It is worth noting that just last month, Zhang Yong's wife, Shu Ping, cashed out HK$2,751 billion through a substantial reduction in her holdings through family trusts. Morgan Stanley said that the loan had little impact on the company's finances, but it was a related transaction, which may further increase valuation pressure after the majority shareholders reduced their holdings earlier. Macro and catering demand continued to weaken, the year-on-year recovery rate was weak, and the company saw no clear catalyst.

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