Huishan Dairy said it has won the support of more than 50pc of onshore creditors to its debt restructuring plan. Photo: Reuters

China’s largest dairy operator Huishan says creditors agree to debt restructuring

Its shares plunged 86pc in Hong Kong on March 24, which came as a vindication for many of its short sellers, including Muddy Waters, that accused it of overstating spending on dairy farms by as much as US$243 million

Topic |   Dairy industry

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Huishan Dairy said it has won the support of more than 50pc of onshore creditors to its debt restructuring plan. Photo: Reuters
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