Rat causes Chinese restaurant chain to lose £145 million in value

Rat causes Chinese restaurant chain to lose £145 million in value

Rat causes Chinese restaurant chain to lose £145 million in value

Customers dip pieces of raw meat and vegetables into a big Value-Added Tax of simmering broth until everything cooks and bubbles to the surface.

The rat was found in hot pot broth.

A popular hotpot restaurant chain has lost around $190 million in market value when a pregnant woman posted a video of a boiled rodent she fished out of a soup bowl with her chopsticks last week at one of their outposts, the BBC reported.

The footage was captured at a branch of the restaurant chain Xiabu Xiabu, in the city of Weifang in the eastern province of Shandong.

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After the rat report surfaced, the local market supervision bureau dispatched personnel to check the restaurant.

A video of a rat found in a hotpot at a Chinese restaurant angered the nation. On 5 September, the day before the incident, share prices closed at HK$12.16. It's a fun, sociable meal popular across China - a country with much regional variation in cuisine - and chains are cropping up alongside mom-and-pop stalls.

"Xiabu Xiabu has always been one of my favourite restaurants, I thought they were quite clean as well..."

It was under such circumstances that the rat was dredged from swirling, red-hot broth.

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"We have set up a task force to carry out an in-depth investigation into this incident, and will also invite third-party authorities to help us clarify the truth", she wrote in an email.

Xiabu Xiabu released a statement on Saturday night saying that it valued food security and would make improvements.

Health officials investigated the restaurant and found no traces of rats, but shut down the location for other violations, including pooled water in the food processing areas and using produce suppliers without full qualifications.

Hotpots are prepared with a simmering pot of soup stock at the dining table and contain a variety of east Asian foodstuffs.

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