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Benzinga
Benzinga
Business
The Bamboo Works

Hot Pot Giant Haidilao To Spin Off International Business Without Raising a Penny

Key Takeaways:

  • Haidilao shareholders will receive 90% of the company’s international Super Hi unit on a pro rata basis and no new capital will be raised
  • The hot pot giant saw its net loss last year expand by 181% to $151 million, but things appear to be looking up after a strong first quarter
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