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Haidilao billionaire chairman's wife sells $353M in shares, sending stock to 4-year low
Shu Ping, wife of hotpot giant Haidilao's billionaire chairman Zhang Yong, is selling as much as US$353 million worth of company shares, prompting the stock to hit its lowest since March 2022. Zhang Yong (right) and his wife Shu Ping, co-founders of the hotpot chain Haidilao, pose before an investors' luncheon ahead of the company's IPO in Hong Kong, China, on Sept. 10, 2018 She is offloading 259 million shares through a family trust holding vehicle at a discount of around 6%
Sep 102 min read
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