辉山乳业准备临时清盘

China Huishan Dairy, the troubled company whose shares dove 85 per cent in March, is preparing for provisional liquidation after it found net liabilities in China may have totalled Rmb10.5bn ($1.6bn) at that time.

中国的辉山乳业(Huishan Dairy)正准备进行临时清盘。此前，该公司发现今年3月其在中国大陆的净负债有可能达105亿元人民币(合16亿美元)。

Huishan said in a filing to the Hong Kong stock exchange that it had told its Cayman legal advisors to prepare documentation to place the company into provisional liquidation.

辉山乳业在提交给香港交易所(HKEx)的文件中称，其已指示公司的开曼群岛法律顾问拟备相关文件，以使公司进入临时清盘。

The Hong Kong-listed dairy supplier said its board had learned at a November 15 meeting that the net liabilities of the company’s subsidiaries in mainland China “could have been” Rmb10.5bn as of March 31.

这家在香港上市的乳制品供应商表示，其董事会在2017年11月15日召开的会议上了解到，公司在中国大陆的附属公司截至2017年3月31日的综合净负债“有可能达”105亿元人民币。

The company had sought in July to begin restructuring the total $3.9bn in debt it owed by creating a holding company that would include its dairy businesses and assets and divide shares among creditor banks and existing shareholders, “pending the eventual identification of a white knight to recapitalise the newly established group”.

今年7月，辉山乳业曾寻求开始重组其所欠下的总共39亿美元债务——拟成立一家控股公司装入其乳制品业务与资产，该控股公司由债权人银行和现有股东共同持有，“直至最终寻求到白武士对新成立的集团的资本进行重新调整”。