Haidilao to raise funds via HK float

Chinese mainland's hotpot restaurant chain Sichuan Haidilao Catering Co Ltd has filed an application to list in Hong Kong after a profitable 2017.

The past year has been one of fast expansion for Haidilao. According to the prospectus it submitted to the Hong Kong Stock Exchange on Thursday, the restaurant chain saw 10.6 billion yuan ($1.66 billion) in revenue in 2017, almost doubling year-on-year. Its net profit reached 1.19 billion yuan, up 36.2 percent from 2016.

The company did not disclose the amount it aims to raise from the IPO.