China Huishan Dairy prepares for provisional liquidation amid insurmountable liabilities – FoodNavigator-Asia.com
At a meeting on Nov 15, the board considered its combined financial position, including all of its subsidiary companies in China. In an update to the Stock Exchange of Hong Kong, the board stated: The combined net liabilities of such subsidiaries in the Peoples Republic of China as at 31 March 2017 could have been…