Haidilao climbs after chairman repays entire loan ahead of maturity

By Reuters News

** Shares of Haidilao International Holding 6862.HK climb 4.4% to HK$9.75, their highest level since September 15

** Stock set for the biggest one-day pct gain since August 26

** Top pct gainer in benchmark Hang Seng Index .HSI, which gains 0.4%

** Chinese hot pot restaurant chain operator said its controlling shareholder and chairman Zhang Yong had on November 2 repaid the entire principal amount of the loan ahead of maturity together with all accrued interest to the company

** "Following the repayment, no amount remains outstanding under the loan agreement as at the date of this announcement" - Haidilao

** Haidilao had earlier in October granted Zhang a loan facility of 100 million yuan ($15.04 million), solely for his personal financial arrangements, for a term of one month at an interest rate of one-month HIBOR plus 60 basis points

** YTD, Hong Kong stock down 31.6%, benchmark Hang Seng Index .HSI down 8.4%

($1 = 6.6480 Chinese yuan renminbi)

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk