Fantasia Holdings Explained

Fantasia Holdings Group Company Limited
花样年控股集团有限公司
Type:Listed company
Foundation:1996
Location City:Shenzhen, Guangdong
Location Country:People's Republic of China
Key People:Founder and Executive Director: Miss Zeng Jie
Chairman: Mr. Pun Jun
Area Served:People's Republic of China
Industry:Property development
Homepage:Fantasia Holdings Group Company Limited

Fantasia Holdings Group Company Limited (HKEX:) is a leading property developer in China. It operates in five segments: property development, property investment, property operation services, property agency services and hotel services. Its other operations include provision of tourism and entertainment services, and interior design services.[1]

History

The Group first commenced its property development business in Shenzhen in 1996, which was established by Miss Zeng Jie, the niece of China's former vice-president, Zeng Qinghong.[2] In 2009, its shares were listed on the Hong Kong Stock Exchange with IPO price of HK$2.2 per share.[3] [4] [5]

On 5 October 2021, Fantasia Holdings missed a payment on a USD$206 million bond that had matured the day before, triggering a default. Just weeks prior, the developer had assured investors it had "no liquidity issue". This resulted in fears of contagion from the Evergrande liquidity crisis.[6]

See also

External links

Notes and References

  1. https://www.reuters.com/finance/stocks/companyProfile?symbol=1777.HK Fantasia Holdings Group
  2. http://www.chinadaily.com.cn/hkedition/2009-11/19/content_8998688.htm Fantasia raises HK$3.18b on big subscription
  3. Web site: Fantasia (HKG:1777) to price IPO at $1.75–2.2/share . 29 April 2010 . https://web.archive.org/web/20110725164724/http://www.chinesestock.org/show.aspx?id=59116&cid=28 . 25 July 2011 . dead .
  4. https://www.wsj.com/articles/SB125780113610939425 Fantasia Schedules Debut
  5. https://taisannhadat.com/cho-thue-can-ho-topaz-elite-quan-8-gia-re/ Cho thuê căn hộ Topaz Elite
  6. News: Lockett. Hudson. Hale. Thomas. 2021-10-05. China property sector woes deepen as midsize developer defaults. Financial Times. 2021-10-05.