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Fantasia Holdings Group Co. Ltd. ( (HK:1777) ) has provided an update.
Fantasia Holdings Group Co., Limited has announced significant progress in the restructuring of its offshore debts. The company has entered into a restructuring support agreement with an ad hoc group of noteholders, holding over 34.9% of the outstanding principal amount of existing notes, to reflect new restructuring terms. This move comes after determining that previous restructuring terms were no longer feasible due to market conditions and business performance. The restructuring aims to address the company’s deleveraging requirements and improve its financial stability.
More about Fantasia Holdings Group Co. Ltd.
Fantasia Holdings Group Co., Limited is a company incorporated in the Cayman Islands with limited liability. It operates primarily in the real estate industry, focusing on property development and management. The company is listed on the Stock Exchange of Hong Kong and is involved in various financial and restructuring activities to manage its offshore debts.
YTD Price Performance: -32.73%
Average Trading Volume: 1,118,396
Technical Sentiment Signal: Sell
Current Market Cap: HK$427.2M
For an in-depth examination of 1777 stock, go to TipRanks’ Overview page.