The second shareholder placed 147 million shares of Xiabu and is still boiling?

　　The actions of investors are often particularly valued by the capital market.

On January 10, the share price of Xiabu Group plunged, and the industry attributed the reason to a news that "the second shareholder allotted all 147 million shares".

Subsequently, a relevant person confirmed the news and revealed that the successor may be a number of strategic investment institutions.

For this move, some analysts believe that the operation is a normal operation of investment projects.

However, there are also voices pointing out that it will cause certain negative sentiment in the market.

As market competition intensifies, Xiabu Group's share price has rebounded, but there are challenges in a sharp rise. It cannot be ruled out that its stock price has already reached a stage high. Xiabu Group should also focus more on the recovery of its performance.

　　The receiver may be an investment institution

　　The hot pot market is extremely hot because of Xiabu Group.

On January 10, the share price of Xiabu Group became the focus of the industry’s attention. The company opened lower by more than 7% in early trading, at HK$9.14 per share.

The industry speculates that the drop in Xiabu Group's stock price has a lot to do with the news that its shareholders have sold their shares.

　　According to relevant media reports, General Atlantic Singapore Fund Pte (hereinafter referred to as "General Atlantic"), the second largest shareholder of Xiabu Group, sold all the 147 million shares it held in Xiabu Group through a share placement.

　　In this regard, a reporter from Beijing Business Daily learned from relevant people close to Xiabuxiabu that General Atlantic, the second largest shareholder of Xiabuxiabu, has passed a block transaction and allotted all 147 million shares at a price of 9.25-9.3 yuan per share.

According to relevant sources, the successor may be a number of strategic investment institutions.

　　Regarding the authenticity of the allotment of all shares by the second largest shareholder of Xiabu Group, a reporter from Beijing Business Daily contacted Xiabu Group, and the other party said that relevant announcements would be made in the future.

It is understood that the closing price of Xiabuxiabu on the 10th was 9.11 Hong Kong dollars per share, down 7.79%.

Xiabu Group was formally established in November 1998, opened its first restaurant in Xidan Pearl, Beijing in 1999, and was listed on the main board of the Hong Kong Stock Exchange in 2014.

　　More than 240 newly opened stores at home and abroad

　　At the same time as the equity change, Xiabu Group announced that from the perspective of the national market, its performance is recovering in an all-round way. In 2023, it will continue to launch a comprehensive expansion strategy, and plans to open more than 240 new stores at home and abroad throughout the year.

　　The store opening plan shows that the progress of Xiabu Group has not stopped. Judging from the financial data of Xiabu Group in recent years, the performance report card of Xiabu Xiabu in the past three years has not been outstanding.

Of course, it has also stated many times in its financial report that the continuous epidemic has caused some restaurants to fail to operate normally, which is the main reason for the sharp decline in the company's performance.

　　In fact, since the founder and chairman of Xiabu Group He Guangqi re-emerged in May 2021, Xiabuxiabu has been making constant moves and began to find new outlets for its performance.

From Xiabuxiabu’s announcement in July 2021 that it decided to close 200 loss-making stores, to August of the same year, He Guangqi, who was re-appointed as CEO, made his first statement, saying that he found serious location errors in some of Xiabuxiabu’s stores.

In September last year, Xiabu’s new brand, Zhan Shao, officially opened in Shanghai. This is also the first new brand under the leadership of He Guangqi. It plans to open at least 20 stores in 2023.

Recently, Xiabu Group has also launched a discount activity of "recharge as much as you want" to store value. According to the data disclosed by the company, up to now, 194 million yuan of stored value has been stored and 194 million yuan of consumer coupons have been issued.

The above-mentioned series of actions seem to be intended to prove their capabilities to the capital market.

　　Shen Meng, director of Chanson Capital, pointed out that the performance of Xiabu Group was greatly affected by the epidemic. With the recent acceleration of resumption of work and production, Xiabu Group's stock price has rebounded.

However, in the long run, the downturn in the economic environment will intensify competition in the chain restaurant market, and there are challenges for Xiabu Group’s stock price to rise sharply. General Atlantic believes that the possibility that Xiabu Group’s stock price has reached a staged high.

　　Should be more focused on performance recovery

　　As one of the few listed companies in the hot pot market, while Xiabu Group has received more capital support, its every move has also been subject to public scrutiny.

Because of this, how to give better performance and inject more confidence into capital is what Xiabu Group needs to think about.

　　Wen Zhihong, a senior chain industry expert, said that generally speaking, large transactions of listed companies' stocks are related to investors' investment and strategic intentions.

For the exiters, it is likely that the investment plan has reached a certain point, or the rate of return has reached a certain level, and they decide to exit.

For investors who want to enter the market, if they have investment intentions for specific industries or companies, they will also go through the form of block transactions.

　　And what impact will this move have on Xiabu?

A capital industry insider analyzed that as an investor, the operation of the capital market belongs to the normal operation of investment projects, and there is no need to over-interpret it. The strong liquidity also shows that the company has attracted much attention; on the other hand, when reducing or selling stocks, you need to pay attention to the receiver Whoever it is, the motivation of the receiver should be considered the most.

　　However, Shen Meng further pointed out that the discount placement by the second largest shareholder will cause certain negative sentiment in the market.

If the successors are multiple institutions, the capital investment scale and shareholding ratio of each institution will be relatively small, and it will be difficult to provide Xiabu Group with more support than General Atlantic.

Price fluctuations in the secondary market are related to performance. At present, Xiabu Group should focus more on the recovery of performance.

　　Wen Zhihong pointed out that with the resumption of work and production, the catering industry is in a recovery period, and the capital market is also looking forward to it.

In this case, if General Atlantic is the original shareholder of Xiabu Group, the behavior of selling shares will send a relatively unfavorable signal to investors.

Conversely, General Atlantic's move does not have a positive or negative meaning.

At present, although the share price of Xiabu Group has rebounded to a certain extent within half a year, there is still a gap from the high point of its market value.