{"id":123432,"date":"2021-11-26T11:19:09","date_gmt":"2021-11-26T04:19:09","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-fantasia-becomes-first-chinese-developer-to-face-a-wind-up-petition-possible-liquidation\/"},"modified":"2021-11-26T12:03:05","modified_gmt":"2021-11-26T05:03:05","slug":"debt-stricken-fantasia-becomes-first-chinese-developer-to-face-a-wind-up-petition-possible-liquidation","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-fantasia-becomes-first-chinese-developer-to-face-a-wind-up-petition-possible-liquidation\/","title":{"rendered":"Debt-stricken Fantasia becomes first Chinese developer to face a wind-up petition, possible liquidation"},"content":{"rendered":"


\nFantasia Holdings Group said a major subsidiary was facing a wind-up petition filed by its creditors, which could force the debt-ridden Chinese developer into insolvency.The Shenzhen-based developer said in a stock exchange filing on Thursday evening that the petition was related to a US$149 million loan of which Fantasia Investment Holdings was a guarantor.It is the first time that a wind-up petition related to offshore debts has been filed against a mainland developer or its subsidiaries.\u201cThe\u2026
\n
\nSource : South China Morning Post
\nRead more…Debt-stricken Fantasia becomes first Chinese developer to face a wind-up petition, possible liquidation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fantasia Holdings Group said a major subsidiary was facing a wind-up petition filed by its...<\/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-123432","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-w6Q","jetpack-related-posts":[{"id":126885,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-fantasia-might-face-liquidation-after-wind-up-petition-in-cayman-islands-over-outstanding-loan-of-us149-million\/","url_meta":{"origin":123432,"position":0},"title":"Chinese developer Fantasia might face liquidation after wind-up petition in Cayman Islands over outstanding loan of US$149 million","date":"May 30, 2022","format":false,"excerpt":"\r Shenzhen-based Fantasia said in a filing to the Hong Kong stock exchange on Monday that the wind-up petition was filed by Flower SPV 4 Limited at the Grant Court of the Cayman Islands on May 26.\r \r Source : South China Morning Post\r Read more...Chinese developer Fantasia might face\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124749,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-laden-chinese-developer-fantasia-and-its-chairman-rebuked-by-hong-kong-stock-exchange-for-breaching-agreement-with-spin-off-unit\/","url_meta":{"origin":123432,"position":1},"title":"Debt-laden Chinese developer Fantasia and its chairman rebuked by Hong Kong stock exchange for breaching agreement with spin-off unit","date":"February 28, 2022","format":false,"excerpt":"\r Debt-stricken Chinese developer Fantasia Holdings Group and its chairman Pan Jun have been heavily criticised by the Hong Kong stock exchange for breaching an agreement to avoid direct competition with a spin-off company.The exchange publicly rebuked Fantasia and Pan, and ordered the chairman to attend 17 hours of training\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/deutsche-bank-subsidiary-files-petition-seeking-liquidation-of-hong-kong-listed-developer-goldin-financial-holdings\/","url_meta":{"origin":123432,"position":2},"title":"Deutsche Bank subsidiary files petition seeking liquidation of Hong Kong-listed developer Goldin Financial Holdings","date":"October 12, 2020","format":false,"excerpt":"\r A unit of Deutsche Bank has filed a petition in Bermuda seeking the liquidation of Hong Kong-listed developer Goldin Financial Holdings, the company said in a filing to the city\u2019s exchange on Monday.Goldin said that at about 6pm Hong Kong time on October 7 it received an email from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143375,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-group-faces-winding-up-petition-from-china-construction-bank-signalling-developer-is-in-serious-debt-trouble\/","url_meta":{"origin":123432,"position":3},"title":"Shimao Group faces winding-up petition from China Construction Bank, signalling developer is in \u2018serious debt trouble\u2019","date":"April 8, 2024","format":false,"excerpt":"\r Troubled property developer Shimao Group Holdings is facing a liquidation suit brought by China Construction Bank, the country\u2019s second-largest lender, for a financial obligation amounting to around HK$1.58 billion (US$201.8 million).\r \r Source : South China Morning Post\r Read more...Shimao Group faces winding-up petition from China Construction Bank, signalling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145974,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/unit-of-chinese-developer-rf-properties-faces-winding-up-petition-from-singapore-fund\/","url_meta":{"origin":123432,"position":4},"title":"Unit of Chinese developer R&F Properties faces winding-up petition from Singapore fund","date":"July 9, 2024","format":false,"excerpt":"\r A winding-up petition filed against Trillion Glory by a private-equity fund owned by Singapore\u2019s investment fund Temasek Holdings is based on unpaid debt of about US$614 million, a Hong Kong exchange filing says.\r \r Source : South China Morning Post\r Read more...Unit of Chinese developer R&F Properties faces winding-up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":123432,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123432"}],"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=123432"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123432\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}