Haidilao: Offers CEO Zhang Yong loan facility of up to HK$100 million with a 30-day term

36Kr reports that Haidilao announced on the Hong Kong Stock Exchange that on October 12, the company entered into a loan agreement with its controlling shareholder, executive director, chairman of the board, and chief executive officer Zhang Yong. Under the agreement, the company agreed to provide Zhang Yong with a loan facility capped at HK$100 million (equivalent to RMB 100 million) for a term of one month (30 days), with an interest rate of HIBOR plus 60 basis points.