After the Chinese construction and real estate company Evergrande, Fantasia Holdings, which operates in the same sector, could not pay its debt of 206 million dollars on time.
The company's dollar-denominated bonds, which are traded in international markets, lost almost half of their market value in yesterday's sales.
According to Refinitiv data, the company's dollar-denominated bonds with a maturity of July 2022 and October 2022 each fell by between 16 and 19.5 cents.
The company said in a statement yesterday evening that it will evaluate the possible impact of the inability to pay on the financial position of the group.
Fantasia announced on September 20 that it had sufficient working capital and had no liquidity problems.
According to the news in the Chinese media yesterday, the giant real estate development company Evergrande, which is in trouble, will sell half of the shares of the real estate management unit to Hopson Development for more than $ 5 billion.
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