{"id":124749,"date":"2022-02-28T19:22:59","date_gmt":"2022-02-28T12:22:59","guid":{"rendered":"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\/"},"modified":"2022-02-28T20:03:20","modified_gmt":"2022-02-28T13:03:20","slug":"debt-laden-chinese-developer-fantasia-and-its-chairman-rebuked-by-hong-kong-stock-exchange-for-breaching-agreement-with-spin-off-unit","status":"publish","type":"post","link":"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\/","title":{"rendered":"Debt-laden Chinese developer Fantasia and its chairman rebuked by Hong Kong stock exchange for breaching agreement with spin-off unit"},"content":{"rendered":"


\nDebt-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 on corporate governance and other aspects of listing rules.The bourse also meted out criticism to former Fantasia executive director Lam Kam-tong, the spin-off unit Colour\u2026
\n
\nSource : South China Morning Post
\nRead more…Debt-laden Chinese developer Fantasia and its chairman rebuked by Hong Kong stock exchange for breaching agreement with spin-off unit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Debt-stricken Chinese developer Fantasia Holdings Group and its chairman Pan Jun have been heavily criticised...<\/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-124749","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-ws5","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":124749,"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":123146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fantasias-shares-sink-after-developer-founded-by-former-chinese-vice-presidents-niece-defaults-on-bond-payment\/","url_meta":{"origin":124749,"position":1},"title":"Fantasia\u2019s shares sink after developer founded by former Chinese vice-president\u2019s niece defaults on bond payment","date":"November 10, 2021","format":false,"excerpt":"\r Shares 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135807,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sinic-becomes-first-mainland-chinese-developer-to-be-delisted-in-hong-kong-as-debt-laden-firm-is-unable-to-set-house-in-order\/","url_meta":{"origin":124749,"position":2},"title":"Sinic becomes first mainland Chinese developer to be delisted in Hong Kong, as debt-laden firm is unable to set house in order","date":"April 7, 2023","format":false,"excerpt":"\r Shares of Sinic Holding Group, which had been suspended since September 2021, will be delisted from Thursday. At least nine other Chinese developers could be ejected from Hong Kong stock exchange in September.\r \r Source : South China Morning Post\r Read more...Sinic becomes first mainland Chinese developer to be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123432,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-fantasia-becomes-first-chinese-developer-to-face-a-wind-up-petition-possible-liquidation\/","url_meta":{"origin":124749,"position":3},"title":"Debt-stricken Fantasia becomes first Chinese developer to face a wind-up petition, possible liquidation","date":"November 26, 2021","format":false,"excerpt":"\r Fantasia 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\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":124749,"position":4},"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":105931,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-chinachem-sues-co-working-operator-kr-space-for-failing-to-execute-one-hennessy-lease\/","url_meta":{"origin":124749,"position":5},"title":"Hong Kong developer Chinachem sues co-working operator Kr Space for failing to execute One Hennessy lease","date":"April 10, 2019","format":false,"excerpt":"\r Chinachem Group, the chemical producer-turned-property developer, has slapped a law suit on one of China\u2019s biggest co-working space operators for reneging on a contract, according to a writ filed with the Hong Kong High Court.The Hong Kong developer has sued Kr Space, a spin-off of technology platform 36kr.com, claiming\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\/124749"}],"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=124749"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124749\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}