Published: Fri, September 14, 2018
Worldwide | By Jermaine Blake

Restaurant chain lost £145m in value after dead rat found in soup

Restaurant chain lost £145m in value after dead rat found in soup

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.

A Chinese restaurant chain suffered a $264 million blow after a pregnant woman found a dead baby rat in her soup.

The rat was found in hot pot broth.

The woman, identified only as Ms Gao, was having dinner with her husband Mr Ma at a Xiabu Xiabu restaurant in Weifang City last week.

A video of a rat found in a hotpot at a Chinese restaurant angered the nation.

By Sept. 11, the company's share price hit the lowest level since October of past year. The chain's market value plummeted to its lowest point in the past year, as they have reportedly lost $190 million over the affair. The company's shares recovered somewhat on Wednesday, gaining around three per cent.

Hotpot is a common meal in China and across other parts of Asia.

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

The restaurant initially put out a statement on Saturday saying that it had "ruled out" the possibility that a lack of hygiene had caused the rat to end up in the hotpot, but later deleted it.

"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.

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

An official watchdog organisation in Weifang had ordered the Xiabu Xiabu branch to suspend its services for "improvement".

A simmering pot of hot soup is placed at a dining table and various vegetables and raw meats are then placed in the pot to cook.

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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