Chinese restaurant lose $288m after a dead rat was found in hotpot

Chinese restaurant lose $288m after a dead rat was found in hotpot

The restaurant allegedly later offered the couple 5,000 yuan ($728) in compensation for the incident - a price he was willing to negotiate after the hospital visit, he told the newspaper.

Officials shut down the restaurant temporarily to inspect the premises, finding "no trace" of rats at the scene but singled out other problems such as an accumulation of water on the floor in a food preparation area.

After video footage of the rat circulated social media, The Telegraph reported the chain restaurant shares dropped by 12 per cent losing £145 million (NZ$288m) in value.

Xiabu Xiabu has 759 restaurants in China.

Mr Ma, her husband, said he informed the restaurant staff to the situation and was offered cash for abortion if they were anxious about the health of the baby.

The rat was found last week at a branch of the chain, Xiabu Xiabu, in Weifang, a city in the eastern province of Shandong. This revelation caused the offer to be upped to 20,000 yuan so that the woman could get an abortion. "Is a life worth only 20,000 yuan?" one person said. "I'm never going to eat hotpot outside again", said a Weibo user.

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By Sept. 11, the company's share price hit the lowest level since October of a year ago.

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

The rat appeared when hotpot has been enjoying something of a moment in China.

In a statement, the restaurant said they took food safety seriously and were making changes.

Though hotpot has gained in popularity in recent years, customers across China have complained about questionable hygiene standards at hotpot chains, particularly over restaurants reusing hotpot broth with new customers.

As word of the shocking find made it to major global news sites, the scandal start impacting the restaurant chain's bottom line.

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