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Business Haidilao shares slide after chairman takes 100m yuan loan amid tax squeeze
Haidilao shares slide after chairman takes 100m yuan loan amid tax squeeze

Haidilao shares fell after chairman Zhang Yong secured a 100 million yuan loan from the company, following a September stake sale, as new mainland tax rules on offshore trusts pressure his finances. Citi cut its target price, warning of investor anxiety over the controlling shareholder's cash needs.

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