Huis­han fac­ing more pres­sure

New Straits Times - - Business -

HONG KONG: China Huis­han Dairy Hold­ings Co Ltd, wrestling with debt, battered shares and an empty board­room, could come un­der more pres­sure from its bank af­ter Bank of China (BoC) de­manded it re­pay a US$50 mil­lion (RM217 mil­lion) loan, said peo­ple fa­mil­iar with the mat­ter. Huis­han, whose shares were sus­pended in­def­i­nitely on the Hong Kong ex­change, said on Mon­day that BoC’s Ma­cau branch had asked it to re­pay the out­stand­ing prin­ci­pal on a US$50 mil­lion loan with in­ter­est of US$937,363 by May 16.

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