Saturday, November 27, 2021
Home World Debt-laden Fantasia may face insolvency as creditors file wind-up petition

Debt-laden Fantasia may face insolvency as creditors file wind-up petition

Fantasia Holdings Group mentioned a serious subsidiary was going through a wind-up petition filed by its creditors, which may power the debt-ridden Chinese developer into insolvency.The Shenzhen-based developer mentioned in a inventory trade submitting on Thursday night that the petition was associated to a US$149 million mortgage of which Fantasia Investment Holdings was a guarantor.It is the primary time {that a} wind-up petition associated to offshore money owed has been filed towards a mainland developer or its subsidiaries.“The…

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Saturday, November 27, 2021

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