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Haidilao stock plunges 10% after co-founder plans to sell 4.65% stake, exposing China's taxation crackdown risk
Haidilao International Holding's stock plunged 10% in Hong Kong this week after co-founder Shu Ping, wife of chairman Zhang Yong, announced plans to sell 259 million shares, representing a 4.65% stake. This move highlights the risks to investors from Beijing's new taxation regime on wealthy individuals' overseas assets.
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