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[Haidilao shareholders reduced their holdings at a price of HK$10.62 per share, 6.7% lower than Tuesday’s closing price] On September 9, according to transaction documents, Haidilao’s shareholder SP NP raised HK$2.75 billion (US$350.8 million) by selling 259 million shares. The stock sale price was set at HK$10.62 per share, a 6.7% discount to Tuesday's closing price
UBS acts as sole bookrunner. Previously, Haidilao fell more than 8% to a new intraday low in four and a half years. Analysts said that the major shareholders' plan to reduce their holdings was surprising.
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