September 11, 2017 / 4:06 PM / a year ago

China Huishan Dairy says HSBC demanding 'immediate' loan repayment

Sept 11 (Reuters) - 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.

Huishan Dairy, in a statement to the Hong Kong stock exchange, said HSBC had terminated the company’s banking facility that was signed in 2014 and was asking for the immediate repayment of $13.7 million.

The deadline for the repayment was three days from Monday, Huishan said. (Reporting By Anusha Ravindranath in Bengaluru; Editing by Sai Sachin Ravikumar)

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