Dead Rat in Hotpot News Sends China Restaurant Stock Sliding
This article is for subscribers only.
A Chinese restaurant operator is in hot water after local media reported that a customer discovered a dead rat in a meal.
Shares of Xiabuxiabu Catering Management China Holdings Co. tumbled as much as 11 percent in Hong Kong on Tuesday, extending Monday’s 6.1 percent decline. Authorities in Weifang city, in east China’s Shandong province, are conducting food safety checks at one of Xiabuxiabu’s restaurants there. Local website Weifang.sdnews.com reported after the market closed Friday that a customer found the rat in a hotpot meal on Sept. 6.