Huishan Dairy dream sours for China tycoon Yang Kai
Abandoned projects show group under strain before 85% share price collapse. by: Tom Hancock.
How a Chinese dairy tycoon may have lost his fortune in less than 90 minutes
It took more than a decade for Yang Kai to amass one of China’s most celebrated dairy fortunes.
"Innovative financing" sours dairy giant in China's rural northeast
The crisis at Huishan Dairy, one of China’s biggest dairy companies, is a stark reminder of what can lurk in the dark corners of corporate China, where rapid growth can go hand in hand with tangled finances and heavy debt. By Jake Spring.
Four China Huishan Dairy directors resign, treasury head still missing
China Huishan Dairy Holdings said its four remaining non-executive directors resigned and the company still can’t locate its treasury head, adding to concern about the indebted farm operator’s corporate governance and finances.
Independent Directors Quit China Milk Producer After $4B Plunge In Market Cap
Four independent directors of milk producer China Huishan Dairy Holdings have quit following the company’s 85% drop in its value last Tuesday at the Hong Kong Stock Exchange – worth more than $4 billion — and the disappearance of a senior financial executive. By Russell Flannery.
Huishan Dairy Fallout Spreads as Chinese Bank's Stock Falls
Jilin Jiutai Rural Commercial Bank Corp. shares slumped by a record amid concern over its exposure to the embattled dairy-product manufacturer China Huishan Dairy Holdings Co. By Darren Boey and Alfred Liu
Muddy Waters shorts dairy firm
Shares of China’s largest dairy farm operator, Hong Kong- listed China Huishan Dairy Holdings, were suspended yesterday after short seller Carson Block’s Muddy Waters Capital said the company is «worth close to zero» and questioned its profitability in a report.
Muddy Waters Shorts Top China Dairy Farm as Shares Halted
Shares of China’s largest dairy farm operator, Hong-Kong listed China Huishan Dairy Holdings Co., were suspended Friday after short seller Carson Block’s Muddy Waters Capital LLC said the company is “worth close to zero” and questioned its profitability in a report.
#Creamy Top For China's Dairy Champions, Sour Milk For The Rest
Investors have lapped up China’s dairy story: soaring consumption, laggardly output, brand premiums. Foreign formula makers take the richest spoils, but domestic producers represent the future.
#Milk Producer's IPO In Hong Kong Tips New Chinese Billionaire
An IPO in Hong Kong this month by milk producer China Huishan Dairy Holding puts the company’s chairman on track to formally become a new Chinese billionaire.