Today, Haidilao's stock price plummeted, and at one point fell by more than 10% in early trading. According to foreign media reports, Haidilao's majority shareholders plan to sell and reduce their holdings by 259 million shares on September 9. UBS is responsible for the placement. The price of each share is about HK$10.6 to HK$10.7, a discount of 5.98% to 6.85% over the previous day's closing price. According to the Morgan Stanley Research Report, the majority shareholder who reduced their holdings was Shu Ping, the wife of Zhang Yong, founder and chairman of Haidilao. This reduction in holdings is surprising, as Zhang Yonggang increased his holdings by 11.35 million shares by HK$13.39 in May, and stated that the company viewed this action as a financial arrangement for individual shareholders. Morgan Stanley pointed out that reducing holdings will put pressure on market sentiment in the short term until the market regains confidence in the company's growth. At the same time, it is necessary to be convinced that shareholders will no longer reduce their holdings, maintain the company's “overrated” rating, and reaffirm the target price of HK$16.50. As of press release, there has been no official response from Haidilao.

Today, Haidilao's stock price plummeted, and at one point fell by more than 10% in early trading. According to foreign media reports, Haidilao's majority shareholders plan to sell and reduce their holdings by 259 million shares on September 9. UBS is responsible for the placement. The price of each share is about HK$10.6 to HK$10.7, a discount of 5.98% to 6.85% over the previous day's closing price. According to the Morgan Stanley Research Report, the majority shareholder who reduced their holdings was Shu Ping, the wife of Zhang Yong, founder and chairman of Haidilao. This reduction in holdings is surprising, as Zhang Yonggang increased his holdings by 11.35 million shares by HK$13.39 in May, and stated that the company viewed this action as a financial arrangement for individual shareholders. Morgan Stanley pointed out that reducing holdings will put pressure on market sentiment in the short term until the market regains confidence in the company's growth. At the same time, it is necessary to be convinced that shareholders will no longer reduce their holdings, maintain the company's “overrated” rating, and reaffirm the target price of HK$16.50. As of press release, there has been no official response from Haidilao.