BEIJING (Reuters) - China's Citic Bank and AIBank will lend 2.1 billion yuan ($298.77 million) to hotpot chain Haidilao International (HK:6862) to help it manage the plunge in demand during the coronavirus outbreak, according to a statement on AIBank's official WeChat account on Friday.
AIBank is a digital bank jointly owned by Citic Bank Corp Ltd (SS:601998) and search engine company Baidu (O:BIDU).
The banks have already issued 810 million yuan to the restaurant chain, said the statement.