China Huishan Dairy Says HSBC Demanding ‘Immediate’ Loan Repayment

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


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