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Huishan Dairy says HSBC demanding repayment of $214 mln in loans


(Reuters) - Embattled China Huishan Dairy Holdings Co Ltd said HSBC was demanding the repayment of $214 million of loans following one or more counts of default.The move adds to pressure on Huishan, which has held talks with creditors and regional government officials in China asking for help to roll over some loan facilities until it can plug a gap in its finances.Huishan's woes came to light when its stock plunged 85 percent in March before being suspended. Since then most of its directors have quit, it has missed loan payments and lost contact with a key executive in charge of its finances ...

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First Published: Tue, September 12 2017. 11:03 IST