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