Huishan Dairy Doesn't Believe Funds Were Misappropriated

Huishan Dairy's shares plummeted by 85%, prompting the company to address rumors of financial misconduct and audit issues. The company denied any misappropriation of funds by its CEO and stated that no forged invoices were found. The share price drop wiped out $4.1 billion in value, leading to a suspension of trading. Meetings with creditors were held to discuss loan rollovers, and the company sought reassurance from banks and the Liaoning government. An executive director responsible for treasury operations has been unreachable, adding to the company's challenges.

What was one of the main rumors addressed by Huishan Dairy regarding its chairman and CEO?

• He misappropriated over $400 million.

• He resigned from his position.

• He was planning to sell the company.

• He was involved in a merger.

How did the Bank of China respond to the rumors about Huishan Dairy?

• They did not perform any audit.

• They withdrew their support.

• They conducted a thorough audit.

• They found forged invoices.

What did Huishan Dairy confirm about its meeting with creditors?

• They agreed to sell assets.

• They planned to issue new shares.

• They discussed rolling over loans.

• They decided to declare bankruptcy.

What was the trading status of Huishan Dairy shares after the collapse?

• Shares were split.

• Shares were delisted.

• Trading was suspended.

• Trading continued as usual.

What issue was highlighted regarding one of Huishan Dairy's executive directors?

• She resigned from the company.

• She was promoted to CEO.

• She was unreachable due to work stress.

• She was involved in a legal case.