Shanghai XNG Holdings Denies Reports of Sudden Restaurant Closures

Reuters

Feb 13

Shanghai XNG Holdings Denies Reports of Sudden Restaurant Closures

Shanghai XNG Holdings Limited has issued a clarification regarding recent media reports alleging the sudden closure of several restaurants in Shanghai and claims of unpaid rent. The company stated that the news article is inaccurate and not substantive. According to the board, while four landlords have unilaterally issued termination letters, the relevant lease agreements have not been terminated by the company as of the announcement date. Shanghai XNG Holdings also explained that any temporary suspension of operations is part of a planned rebranding and restructuring initiative aimed at strategic realignment and reducing reliance on its existing brand. The company advised shareholders and investors to exercise caution when dealing in its shares and said further announcements will be made as appropriate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai XNG Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260213-12025296), on February 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The company stated that the news article is inaccurate and not substantive. According to the board, while four landlords have unilaterally issued termination letters, the relevant lease agreements have not been terminated by the company as of the announcement date. Shanghai XNG Holdings also explained that any temporary suspension of operations is part of a planned rebranding and restructuring initiative aimed at strategic realignment and reducing reliance on its existing brand. The company advised shareholders and investors to exercise caution when dealing in its shares and said further announcements will be made as appropriate.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: HKEX-EPS-20260213-12025296), on February 13, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03666","symbol_name":"上海小南国","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260213:nNDL3pdjYG:1","article_id":"2611688731","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2611688731","pubTimestamp":1770991304,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Shanghai XNG Holdings Limited has issued a clarification regarding recent media reports alleging the sudden closure of several restaurants in Shanghai and claims of unpaid rent. The company stated that the news article is inaccurate and not substantive. According to the board, while four landlords have unilaterally issued termination letters, the relevant lease agreements have not been terminated by the company as of the announcement date. Shanghai XNG Holdings also explained that any temporary suspension of operations is part of a planned rebranding and restructuring initiative aimed at strategic realignment and reducing reliance on its existing brand. 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Shanghai XNG Holdings also explained that any temporary suspension of operations is part of a planned rebranding and restructuring initiative aimed at strategic realignment and reducing reliance on its existing brand. The company advised shareholders and investors to exercise caution when dealing in its shares and said further announcements will be made as appropriate.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai XNG Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260213-12025296), on February 13, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}