title: Fantasia Holdings
text: # Fantasia Holdings
  
  Fantasia Holdings Group Company Limited (SEHK: 1777) is a leading property developer in China. It operates in five segments: property development, property investment, property operation services, property agency services and hotel services. Its other operations include provision of tourism and entertainment services, and interior design services.
  
  ## History
  
  The Group first commenced its property development business in Shenzhen in 1996, which was established by Miss Zeng Jie, the niece of the China's former vice-president, Zeng Qinghong. In 2009, its shares were listed on the Hong Kong Stock Exchange with IPO price of HK$2.2 per share.
  
  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.
  
  