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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)

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