Embattled Huishan Dairy Sells Stake in Joint Venture to Dutch Partner
Dutch dairy giant Royal FrieslandCampina NV has bought out the remaining stake in a joint venture formed with embattled China Huishan Dairy Holdings Co. Ltd., formally ending their three-year-plus partnership.
Huishan Dairy Creditor Targets Units With Bankruptcy Application
Chinese creditor files against two Huishan subsidiaries
Hang Seng Bank filed to appoint joint provisional liquidator
By: Denise Wee
Source: Bloomberg
Link: https://www.bloomberg.com/news/articles/2017-11-30/china-factory-gauge-unexpectedly-rises-as-global-demand-firms-up
China Huishan Dairy prepares for provisional liquidation amid insurmountable liabilities
China Huishan Dairy Holdings, once touted as China’s largest integrated dairy rm, has informed its lawyers to prepare it for provisional liquidation.
By: Lester Wan
Source: FoodNavigator-Asia
Link: https://www.foodnavigator-asia.com/Article/2017/11/23/China-Huishan-Dairy-prepares-for-provisional-liquidation-amid-insurmountable-liabilities
Huishan Dairy, $5.8 bln in debt, wrangles creditor support
Embattled China Huishan Dairy Holdings has come to an agreement with most of its Chinese creditors to restructure its crippling debt, which has reached at least $5.76 billion according to an unreported restructuring plan seen by Reuters.
By: Matthew Miller and Yan Jiang
Source: Reuters
Link: http://www.nasdaq.com/article/huishan-dairy-58-bln-in-debt-wrangles-creditor-support-20171102-00036
Huishan Dairy debt woes deepen as HSBC demands repayment of $220 million
HONG KONG/SHANGHAI (Reuters) – HSBC has demanded China Huishan Dairy Holdings Co Ltd repay $220 million in loans this week – a move set to make it even more difficult for the Chinese firm to extricate itself from a mountain of debt and find a white knight. By: Elzio Barreto and Adam Jourdan
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
BRIEF-China Huishan Dairy Holdings Company updates on debt restructuring
China Huishan Dairy Holdings Company Ltd :
China’s Huishan Dairy misses payments
Says unable to contact key finance executive; shares fall 85% wiping $4 bn off market value.
Huishan Dairy says ‘significant discrepancy’ in cash position
China Huishan Dairy Holdings Co. disclosed on Monday that it is missing most of its cash and that it has fallen more deeply in debt, adding to investor worries about the company’s future.
Huishan Dairy to miss results deadline, says finances unclear
China Huishan Dairy Holdings Co Ltd said on Monday that it will miss a June deadline for publishing its full-year results as the indebted firm faces «tremendous difficulties» getting a clear picture of its finances. by Adam Jourdan