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#1
05-10-2021, 06:30 AM
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Another China developer Fantasia going bankrupt soon...
An honorable member of the Coffee Shop Has Just Posted the Following:
Chinese property developer Fantasia Holdings Group Co Ltd said on Monday it had failed to repay $206 million in debts due on October 4, the latest sign of distress and liquidity issues in China's property sector. The company said it had raised $500 million in 2016 due in 2021, but that $206 million remained outstanding and fell due on Monday. "The company did not make the payment on that day," it said in a statement to the Hong Kong stock exchange. Click here to view the whole thread at www.sammyboy.com. 
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