China Huishan Dairy Says HSBC Demanding ‘Immediate’ Loan Repayment

China Huishan Dairy Holdings Co Ltd said on Monday HSBC was demanding the immediate repayment of loans from the company following one or more counts of default. By: Reuters

Huishan Dairy, in a statement to the Hong Kong stock exchange, said HSBC had terminated the company’s banking facility that was signed in 2014 and was asking for the immediate repayment of $13.7 million.

The deadline for the repayment was three days from Monday, Huishan said.

 

Source: Dairy Herd

Link: http://www.dairyherd.com/news/industry/china-huishan-dairy-says-hsbc-demanding-immediate-loan-repayment
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