Huishan

Huishan (辉山) is identified in the supplied material as a dairy brand, specifically associated with yogurt and cheese. The material supports describing it as a commercial dairy brand, but does not provide verifiable details about its corporate structure, founding, headquarters, ownership, product range beyond those categories, or current operating status. Its website is provided as https://www.huishan.com.cn; no further site content is included in the evidence.

The supplied evidence identifies Huishan as a dairy brand associated with yogurt and cheese. It contains no dated history, founding information, ownership details, corporate milestones, or reliable account of changes in the brand or its business. Consequently, a fuller chronology cannot be established from the available material without adding unsupported claims.

• Huishan is established as a dairy brand in China, producing yogurt and cheese products.

A dairy brand associated with yogurt and cheese; further positioning is not established by the supplied evidence.

• Yogurt

• Cheese

• 2017

  Huishan Dairy Shares Plunge 85% in a Day as RMB 26.7 Billion Debt Crisis Erupts

  On March 24, 2017, Hong Kong-listed Huishan Dairy's shares at one point plunged more than 85% to 90%, then trading was suspended, shocking the market. The company later disclosed that as of March 31, 2017, group liabilities were about RMB 26.73 billion and assets about RMB 26.22 billion, leaving it insolvent. The crisis exposed problems such as high-leverage expansion and misappropriation of funds. Chairman Yang Kai was ordered to bear joint and several liability for RMB 13 million in loans and interest owed by his Shenyang Dairy and Liaoning Huishan Dairy Group to Panjin Wanxinhui; after failing to perform, he was placed by a court on the list of dishonest judgment debtors ('laolai'), with restrictions on taking soft-sleeper trains and high consumption. Huishan Dairy delisted in 2019; in November 2020 the Shenyang Intermediate People's Court approved restructuring plans for 83 Huishan Dairy companies, Guangzhou Yuexiu Group took over the restructuring, and the debt crisis was ultimately resolved. Yang Kai went from Liaoning's richest person to a dishonest judgment debtor.

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1. 1Huishan websitehuishan.com.cn
2. 2Huishan Dairy Shares Plunge 85% in a Day as RMB 26.7 Billion Debt Crisis Eruptsnews.cnstock.com
3. 3Huishan Dairy Shares Plunge 85% in a Day as RMB 26.7 Billion Debt Crisis Eruptsm.thepaper.cn
4. 4Huishan Dairy Shares Plunge 85% in a Day as RMB 26.7 Billion Debt Crisis Eruptsfinance.sina.com.cn
5. 5Huishan Dairy Shares Plunge 85% in a Day as RMB 26.7 Billion Debt Crisis Eruptslegaldaily.com.cn