China Huishan Dairy Gets Notice on Alleged Breach of Loan Facility

By Gaurav RaghuvanshiFeaturesDow Jones Newswires

China Huishan Dairy Holdings Co. Ltd. (6863.HK) has received a letter from the Macau branch of Bank of China Ltd. (601988.SH 3988.HK) on the alleged breach of a loan facility agreement, according to a regulatory filing from the company.

The letter, dated April 28, says that the maturity date of a US$50 million loan facility has passed and both the principal amount of the loan and interest on it are outstanding.

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BOC Macau has asked the company to repay the amount by May 16, China Huishan, whose shares were suspended on Monday by the Hong Kong's securities regulator, said in a statement late last night.

Write to Gaurav Raghuvanshi at

(END) Dow Jones Newswires

May 08, 2017 21:08 ET (01:08 GMT)