HONG KONG—Chinese developer Fantasia Holdings denied a claim by a creditor that a $96.98 million loan on which it missed a payment was secured by shares in its property management unit. TFI Securities and Futures Ltd. told Fantasia it was entitled to enforce the charge of 780 million shares in the unit, Colour Life Services…
After Evergrande, Another Chinese Developer Fantasia Missed Bond Payment
As the default of Chinese property developer Evergrande looms, with $300 billion in liabilities in question, Chinese real estate developer Fantasia has just missed a bond payment deadline. The company has one month to correct the default, which means it must repay the debt before Nov. 4, otherwise, all its overseas USD bonds will become…
NTD Business Full Broadcast (Oct. 5)
AstraZeneca seeks approval for its new drug, which utilizes antibodies—for a potential alternative to vaccination. In a record-high trade deficit, Americans bought more foreign goods and services than ever in August. What does that say about the economy? In China, another real estate company says it can’t pay its debts, fueling concerns about China’s property…
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