HK Stock Market Move | HAIDILAO (06862) rises over 3% in the afternoon. Controlling shareholder Zhang Yong plans to increase the company's stake by an amount no less than 1 billion Hong Kong dollars.

HAIDILAO (06862) rose more than 3% in the afternoon, rising 3.14% to HK$15.13 as of the time of writing, with a turnover of HK$476 million. On the news front, HAIDILAO announced at noon that the Board of Directors has been informed by its controlling shareholder, executive director, chairman and CEO Zhang Yong that he plans to increase his shareholding in the company with his own funds or through entities controlled by him in the open market within 12 months from the announcement date, with an amount of not less than HK$1 billion. The Board believes that this plan reflects Zhang Yong's long-term commitment and confidence in the group's prospects and positive expectations for the development of the Chinese economy and related consumer sectors. Recent research reports from Guosheng pointed out that HAIDILAO, as a leading hotpot restaurant, has built its brand image through extreme service and has continued to innovate and improve management in recent years, continuously enhancing store performance. The company is currently implementing a dual-store, multi-store model, introducing franchising, launching the "Red Pomegranate Plan," appointing the founder as CEO, and diversifying the Board of Directors, with the expectation of steadily improving the overall service quality and operational efficiency of the group.