BUZZ — Haidilao hits record low after granting loan to controlling shareholder

* Shares of Haidilao International fall 6.9% to HK$8.925, their record low since debut in September 2018 * Stock set for biggest one-day pct decline since September 9, snapping three straight gaining sessions * Chinese hot pot restaurant chain operator says it has agreed to grant its chairman and controlling shareholder Zhang Yong a loan facility of 100 million yuan ($14.94 million) for a term of one month at an interest rate of one-month HIBOR plus 60 basis points * Says the loan is unsecurred and shall be used solely for Zhang's personal financial arrangements * Citi trims target price to HK$15.5 from HK$19.3, expecting negative sentiment in the short term, given renewed market concerns on Haidilao controlling shareholder's funding needs * YTD, stock down 36.9%, benchmark Hang Seng Index down 6.1% ($1 = 6.6953 Chinese yuan renminbi) (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com)