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Haidilao files for Hong Kong IPO

May 18, 2018

Abstract : Famous Chinese hot pot chain Haidilao filed on Thursday for an initial public offering (IPO) on Hong Kong Stock Exchange

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BEIJING, May 18 (Xinhua) -- Famous Chinese hot pot chain Haidilao filed on Thursday for an initial public offering (IPO) on Hong Kong stock exchange, the Xinhua-run Shanghai Securities News reported on Friday.

According to the company, the raised funds will be mainly used for its business expansion.

Haidilao said in the prospectus that the company was running 273 restaurants at the end of 2017, and it planned to open 180 to 220 new restaurants this year.

(Edited by Yang Yifan, yangyifan@xinhua.org)

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Keyword: Haidilao

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