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Rat Wipes $190M Off Restaurant Chain's Value

Rat Wipes $190M Off Restaurant Chain's Value

The well-known chain, Xiabu Xiabu, was closed for an investigation by health officials after the incident occurred and stock hit the lowest level in nearly a year after news spread, the BBC reports.

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

A dead rat has caused a Chinese restaurant to lose a great deal of money.

The husband also claims the staff said, "If you are anxious about the baby, then we'll give you 20,000 yuan (£2,200) to abort it", according to the South China Morning post. The staff at the restaurant allegedly offered the couple 20,000 yuan, which is $3,000 United States dollars, for them to have an abortion if they were concerned for the child's health.

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. "I'm never going to eat hotpot outside again", said a Weibo user.

By the close of trading on Tuesday, shares in the chain's parent company, Xiabuxiabu Catering Management, had fallen almost 12.5 per cent, at one point dropping to their lowest in nearly a year.

The rat appeared when hotpot has been enjoying something of a moment in China. Xiabu Xiabu and one of its rivals, Haidilao, have reported surging sales and an expanding network of restaurants.

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

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

Hotpot soups are a popular Chinese dish where seasoned broth is placed, simmering, at the table in front of you as the items are added in.

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