Huishan Dairy Fallout Spreads as Chinese Bank's Stock Falls
- Jiutai Bank shares fall by record as Huishan stock halted
- Lender is Huishan’s second-largest creditor, Caixin says
China Huishan Dairy Loses $4.1B in Value
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Jilin Jiutai Rural Commercial Bank Corp. shares slumped by a record amid concern over its exposure to the embattled dairy-product manufacturer China Huishan Dairy Holdings Co.
Shares of Jiutai Bank, based in the northeastern Chinese city of Changchun, tumbled 8.7 percent in Hong Kong trading on Monday, the biggest drop since it listed 2 1/2 months ago.