Shenzhen-based Fantasia Holdings Group’s debt woes are mounting. Photo: Bloomberg
Shenzhen-based Fantasia Holdings Group’s debt woes are mounting. Photo: Bloomberg

Fantasia’s shares sink after developer founded by former Chinese vice-president’s niece defaults on bond payment

  • Shenzhen-listed developer missed repayment of US$205.7 million bond that was due on October 4
  • The developer has nearly 50 billion yuan of loans and bonds due before June 30, 2022

Shenzhen-based Fantasia Holdings Group’s debt woes are mounting. Photo: Bloomberg
Shenzhen-based Fantasia Holdings Group’s debt woes are mounting. Photo: Bloomberg
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