First Chinese developer to face a wind-up petition, possible insolvency

China 11/26/21, 03:44

A major subsidiary of Fantasia Holdings Group was facing a wind-up petition filed by its creditors, which could force the debt-laden Chinese developer into insolvency, South China Morning Post reported on Nov. 26. The petition was related to a $149 million loan of which Fantasia Investment Holdings was a guarantor, said ...

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