{"id":123146,"date":"2021-11-10T11:17:11","date_gmt":"2021-11-10T04:17:11","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fantasias-shares-sink-after-developer-founded-by-former-chinese-vice-presidents-niece-defaults-on-bond-payment\/"},"modified":"2021-11-10T12:04:46","modified_gmt":"2021-11-10T05:04:46","slug":"fantasias-shares-sink-after-developer-founded-by-former-chinese-vice-presidents-niece-defaults-on-bond-payment","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fantasias-shares-sink-after-developer-founded-by-former-chinese-vice-presidents-niece-defaults-on-bond-payment\/","title":{"rendered":"Fantasia\u2019s shares sink after developer founded by former Chinese vice-president\u2019s niece defaults on bond payment"},"content":{"rendered":"


\nShares of Fantasia Holdings Group plunged by nearly half to a record low on Wednesday, after the debt-laden Chinese developer defaulted on a US dollar bond, further warning there is no guarantee it could meet other financial obligations.The Hong Kong-listed developer said in a filing late on Tuesday that it did not repay a US$205.7 million bond that was due on October 4. Apart from its 2021 notes, Fantasia said that there were no other overdue bonds and loans of a material nature.\u201cGiven the\u2026
\n
\nSource : South China Morning Post
\nRead more…Fantasia\u2019s shares sink after developer founded by former Chinese vice-president\u2019s niece defaults on bond payment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Fantasia Holdings Group plunged by nearly half to a record low on Wednesday,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-123146","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-w2e","jetpack-related-posts":[{"id":122416,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fantasia-downgraded-to-default-status-by-rating-agencies-as-chinese-property-sector-crisis-worsens\/","url_meta":{"origin":123146,"position":0},"title":"Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens","date":"October 6, 2021","format":false,"excerpt":"\r Fantasia Holdings Group, the debt-laden property developer founded by the niece of a former Chinese vice-president, has been downgraded to default or near default status by the three major credit rating agencies after it missed a bond repayment this week.The default by Fantasia adds to growing concerns about the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-developer-fantasia-faces-key-shareholder-revolt-on-debt-restructuring-plan\/","url_meta":{"origin":123146,"position":1},"title":"China property developer Fantasia faces key shareholder revolt on debt restructuring plan","date":"May 12, 2023","format":false,"excerpt":"\r China property developer Fantasia\u2019s debt to equity swap plan is at risk of failing as a major shareholder demands equitable treatment between minority investors and the controlling shareholder\r \r Source : South China Morning Post\r Read more...China property developer Fantasia faces key shareholder revolt on debt restructuring plan","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144377,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-agiles-interest-payment-default-on-us483-million-bond-sends-shares-tumbling\/","url_meta":{"origin":123146,"position":2},"title":"Chinese developer Agile\u2019s interest-payment default on US$483 million bond sends shares tumbling","date":"May 14, 2024","format":false,"excerpt":"\r Agile says it \u2018will not be able to fulfil all payment obligations under its offshore debts\u2019 because of liquidity pressure. Presales declined 68 per cent year on year to US$905 million from January to April.\r \r Source : South China Morning Post\r Read more...Chinese developer Agile\u2019s interest-payment default on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124543,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-developer-zhenros-shares-and-bonds-plummet-on-redemption-speculation\/","url_meta":{"origin":123146,"position":3},"title":"Chinese property developer Zhenro\u2019s shares and bonds plummet on redemption speculation","date":"February 11, 2022","format":false,"excerpt":"\r Shares and bonds of Chinese developer Zhenro Properties Group slumped amid speculation that the company does not plan to redeem a US$200 million bond next month.The Shanghai-based developer told investors late on Thursday that its plan to call the bond remain unchanged, sources told the Post, refuting rumours which\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102367,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developer-cifi-holdings-bucks-high-coupon-trend-on-us400-million-bond\/","url_meta":{"origin":123146,"position":4},"title":"Mainland developer CIFI Holdings bucks high coupon trend on US$400 million bond","date":"December 18, 2018","format":false,"excerpt":"\r Hong Kong-listed CIFI Holdings (Group) on Tuesday became the latest mainland developer to issue bonds as they face surging refinance demand as more than US$37 billion worth of debt matures next year. Bond defaults among Chinese developers is on the rise, with Xinhua reporting in November that at least\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99212,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-wuzhou-international-misses-us204-million-in-bond-payments\/","url_meta":{"origin":123146,"position":5},"title":"China\u2019s Wuzhou International misses US$204 million in bond payments","date":"October 5, 2018","format":false,"excerpt":"\r Troubled mainland Chinese developer Wuzhou International Holdings said it had missed 1.4 billion yuan (US$204 million) in bonds payments and was also facing claims for at least 756 million yuan, adding to a string of earlier defaults and financial woes. The company\u2019s revelation comes amid the rising the number\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123146"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=123146"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}