Fantasia Holdings Group Company Limited (SEHK: 1777) is a leading property developer in China.
[1] 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.
[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.