Huishan Dairy, the embattled Chinese company, faces a deepening debt crisis after HSBC, on behalf of five other banks, demanded the repayment of loans totaling $220 million, highlighting the perils of investing in China's more esoteric sectors.
Once a high-profile example of the country's broadening equity appeal the company raised $1.3 billion from an initial public offering in 2013 Huishan Dairy is fast becoming a poster child for...