145 view s

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.
 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!