Chinese developer Fantasia misses repayment deadline

October 4, 2021 11:38 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

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.

(Reporting by Tom Westbrook; Editing by Peter Graff)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

General News, Reuters