Haidilao (06862.HK) shareholder SPNP sold 259 mln shares to raise HK$2.75 bln
(US$350.8 mln) at HK$10.62 per share, a 6.7% discount to Tuesday’s close; UBS
acted as sole bookrunner. Shares fell more than 9% intraday to a 4.5‑year low;
analysts said the major shareholder sell-down was unexpected.