HONG KONG : Chinese developer Fantasia Holdings denied a claim by a creditor that a US$96.98 million loan on which it missed a payment was secured by shares in its property management unit.
Fantasia shares, suspended since Nov. 29 pending inside information, will resume trading on Monday, it said. Larger peers China Evergrande Group and Kaisa Group, with the two largest piles of offshore debt in the country, missed offshore bond payment deadlines this week, prompting rating agency Fitch to downgrade them to"restricted default".
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