People stand outside the headquarters of Chinese developer Fantasia Holdings in Shenzhen, Guangdong province. Photo: Reuters
People stand outside the headquarters of Chinese developer Fantasia Holdings in Shenzhen, Guangdong province. Photo: Reuters

Debt-stricken Fantasia becomes first Chinese developer to face a wind-up petition, possible liquidation

  • Fantasia said a major subsidiary was facing a wind-up petition filed by creditors, which could force the debt-ridden developer into insolvency
  • It is the first time that a wind-up petition related to offshore debts has been filed against a mainland developer or its subsidiaries

Topic |   China property
People stand outside the headquarters of Chinese developer Fantasia Holdings in Shenzhen, Guangdong province. Photo: Reuters
People stand outside the headquarters of Chinese developer Fantasia Holdings in Shenzhen, Guangdong province. Photo: Reuters
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