China Huishan Dairy Says HSBC Demanding ‘Immediate’ Loan Repayment

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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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