News Snapshot:
Hotpot chain Haidilao International is considering spinning off its restaurant business outside Greater China amid weak consumer sentiment and a stringent zero-Covid policy that continues to batter its core business in mainland China. The stock slipped on the news. The operations involving its restaurants outside mainland China, Hong Kong, Macau and Taiwan, will be placed under Super Hi International Holding, the company said in an exchange filing late on Monday. A listing of Super Hi by way of an introduction in Hong Kong has not been submitted. “The proposed spin-off will better position the business of Super Hi and the...
