In another distress sign, Chinese property developer Fantasia fails to repay bond, loan

In another distress sign, Chinese property developer Fantasia fails to repay bond, loan

FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo

Chinese property developer Fantasia Holdings Group has failed to repay a maturing bond and a loan in the latest sign of distress among the country’s real estate companies.