Haidilao shareholders rake in $156m from sell-down

By Jonathan Breen
07 May 2020

A pair of investors in Chinese hotpot chain Haidilao International Holding sold a chunk of shares in the company on Wednesday, netting HK$1.56bn ($201.3m) from the trade.

The vendors, which include SP NP, a controlling shareholder, and LHY NP, offloaded a combined 47m of their secondary shares – equal to 0.89% of Haidilao’s total equity capital.

Goldman Sachs was the sole placing agent, running an accelerated bookbuild for the block trade after Hong Kong trading ...

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