Stock Track | Haidilao Soars 5.21% as New Loan Facility Boosts Growth Prospects

Stock Track

2024-12-10

Haidilao International Holding Ltd's stock skyrocketed 5.21% in Tuesday's pre-market trading session, following news that Sichuan Xinpai Catering Management will grant the company a loan facility of up to RMB 500 million.

The fresh capital injection is expected to provide Haidilao with additional resources to support its expansion plans and growth initiatives. Investors reacted positively to the news, driving up the stock price of the popular hot pot restaurant chain.

The loan facility from Sichuan Xinpai could potentially enable Haidilao to open new restaurant locations, enhance its operations, or invest in other growth opportunities. The market appears to be optimistic about the company's prospects with this additional financial backing.

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