8.3 C
New York
Thursday, March 23, 2023

Chinese developer Fantasia misses repayment deadline

Chinese developer Fantasia misses repayment deadline

SINGAPORE (Reuters) – 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.

Source: Investing.com

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -

Latest Articles

Popular Articles