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China Huishan Dairy Holdings Company Ltd (6863.HK)

6863.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

China Huishan Dairy announces engagement of independent forensic accountant
Friday, 21 Jul 2017 07:23am EDT 

July 21 (Reuters) - China Huishan Dairy <6863.HK>:Engagement of independent forensic accountant.Deloitte Advisory (Hong Kong) has been engaged by Troutman Sanders,, as independent forensic accountant.Independent forensic accountant to conduct investigation of bank transactions of major units of group for period from 1 Oct 2016 to 31 March 2017.  Full Article

China Huishan Dairy Holdings Company updates on debt restructuring
Monday, 3 Jul 2017 09:36am EDT 

July 3 (Reuters) - China Huishan Dairy Holdings Company Ltd <6863.HK>::Has been informed by Yang Kai, its Chairman & controlling shareholder, that his debt restructuring adviser expects to engage with creditors.Adviser believes it is unlikely for creditors of YK Entities to agree debt restructuring if such creditors' exposure to co is not resolved at same time.Been informed that debt restructuring proposals contemplate grouping businesses &/or assets of group & selected YK entities under intermediate holding co.  Full Article

China Huishan Dairy says debt restructuring adviser appointed, provides operational update
Thursday, 1 Jun 2017 10:54am EDT 

June 1 (Reuters) - China Huishan Dairy Holdings Company Ltd <6863.HK>:Debt restructuring adviser has been appointed to assist in formulating and negotiating a possible restructuring with creditors..As of 31 may, group is aware of 16 additional legal proceedings initiated in prc by third parties against certain members of group.Group is aware of 16 additional legal proceedings where claims in aggregate, are approximately rmb421.8 million..Sales for April 2017 was approximately rmb257 million, down by about 41.3% when compared to corresponding month in 2016.Group's sales for FY2016/2017 was approximately rmb5.504 billion representing an increase of approximately 21.6%.Yang Jianing has been appointed as a vice-president of group."Group continues to do business in ordinary course".  Full Article

China Huishan Dairy updates on board membership
Friday, 26 May 2017 10:37am EDT 

May 26 (Reuters) - China Huishan Dairy Holdings Company Ltd <6863.HK>:Has been more than two months since company was last in communication with Ge Kun one of two remaining directors of company.Ge Kun also ceased to be member of remuneration committee, nomination committee and food quality and safety advisory committee of co.Yang Kai, continues in his role as a member of co's nomination committee and as chairman of its food quality and safety advisory committee.Save for appointment of directors and convening meetings, can't act for and on behalf of co until min requirement for no. Of directors met.  Full Article

China Huishan Dairy says gets letter from Bank Of China requesting co to repay loan by 16 May 2017
Monday, 8 May 2017 09:31am EDT 

May 8 (Reuters) - China Huishan Dairy Holdings Co Ltd <6863.HK>:Principal & interest under facility agreement were US$50 million & US$937,363.11 respectively.Received a letter from Bank Of China Macau Branch requesting co to repay loan under agreement dated 28 April 2014 by 16 May 2017.Says gets letter from Bank Of China requesting co to repay loan dated 28 April 2014 by 16 May 2017.  Full Article

China Huishan Dairy's shares suspended from all dealings
Sunday, 7 May 2017 09:29pm EDT 

May 8 (Reuters) - China Huishan Dairy Holdings Company Ltd <6863.HK>:Securities and Futures Commission has directed stock exchange of Hong Kong to suspend all dealings in shares of co on 8 May 2017.  Full Article

Huishan Dairy says Michael Chou resigned as company secretary
Wednesday, 26 Apr 2017 06:34am EDT 

April 26 (Reuters) - Huishan Dairy <6863.HK>: :Michael Chou resigned as company secretary of china huishan dairy.Despite his resignation as company secretary of company, Chou remains in employment with group.  Full Article

China Huishan Dairy Holdings Company announces resignation of executive directors
Tuesday, 18 Apr 2017 09:50am EDT 

April 18 (Reuters) - China Huishan Dairy Holdings Company Ltd <6863.HK>:So Wing Hoi and Kwok Hok Yin resigned as executive directors of company with effect from 17 April 2017 and 18 April 2017.Current board cannot generally act for and on behalf of company as it does not meet minimum director requirement.  Full Article

China Huishan Dairy engages Deloitte Advisory (Hong Kong) as independent financial advisor
Thursday, 13 Apr 2017 10:57am EDT 

China Huishan Dairy Holdings Company Ltd <6863.HK> : Until time as board able to ascertain updated position of co's financial position, trading suspension will remain in place .Would like to announce that Deloitte Advisory (Hong Kong) Limited has been engaged on 13 April 2017 as an independent financial advisor.  Full Article

China Huishan Dairy receives letter alleging non-compliance with covenants in facility agreement
Monday, 10 Apr 2017 10:40am EDT 

China Huishan Dairy Holdings Company Ltd <6863.HK> : Received from banks a letter alleging non-compliance with certain covenants in facility agreement .Court order obtained in Shanghai to freeze equity interests in six of company's wholly-owned subsidiaries in PRC.  Full Article

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China's Huishan Dairy plans to carve up firm with creditors, seeks 'white knight'

HONG KONG/SHANGHAI Embattled China Huishan Dairy Holdings Co Ltd is planning to carve up shares in the company among its creditor banks and existing shareholders as part of restructuring plans as it struggles to pay back billions of dollars of debt.