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 the percentage drop in Huishan Dairy's share price on Friday?

What did Huishan Dairy's chairman and CEO, Young Chi, deny regarding the rumors?

What was the market reaction to Huishan Dairy's share price on Friday?

What actions did Huishan Dairy take in response to the financial situation before the share price plunge?

What was the role of Cut Gert Kun in Huishan Dairy, and what was her situation during the crisis?