Haidilao eyes spin-off and listing of overseas unit in HKEX

The hotpot company will be listing the spin-off by way of introduction.

Hotpot company, Haidilao International Holding Ltd., revealed that it is eyeing to spin-off and list the shares of its overseas business, Super Hi International Holding Ltd., on the Mainboard of the Hong Kong Stock Exchange (HKEX).

The company said the separate listing will be done by way of introduction. 

As of 12 July, Hadilao said no application for listing of the shares of Super Hi has been made to the HKEX, and the proposed spin-off has not materialised.

Super Hi and its subsidiaries are engaged in the operation of  Haidilao’s restaurant business outside Greater China including Hong Kong and Macau.

In a bourse filing, Haidilao said the spin-off will better position the business of Super Hi and its other businesses for growth in their respective geographic presences.

The spin-off will likewise “deliver value-enhancing benefits in the long run under a separate standalone listing platform,” said the restaurant company.
 

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