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