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
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.
Chinese cowboys sing the blues when Muddy Waters hits town
One of China’s largest dairy companies is facing a corporate-governance meltdown. All board members except its chairman have left since a day in March, when the company’s shares plunged 85 per cent in a single trading session. By: WAYNE MA, JOANNE CHIU
Huishan Dairy removes incommunicado director
The chairman of Huishan Dairy, the Hong Konglisted company whose share price took a sudden plunge of more than 90 per cent in March, has removed his sole remaining fellow director after two months without any contact from her. By: Alice Woodhouse
Hong Kong orders halt in trading of China Huishan Dairy shares
Huishan has missed loan payments, board members have quit (Adds Huishan’s latest statements in paragraph 3 and 5). By Elzio Barreto.
Huishan Loses All But Two Directors, One of Whom Is Missing
China Huishan Dairy Holdings Co. Chairman Yang Kai has lost his board of directors. By Megan Durisin – Lisa Pham.
Huishan Dairy's Founder Raises $46 Million Selling Bank Stake
The founder of China Huishan Dairy Holding Co. has raised HK$355 million ($45.7 million) by selling part of his stake in Jilin Jiutai Rural Commercial Bank Corp., as the embattled company’s four-week reprieve on loan repayments draws to a close.