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The Cauldron Is Boiling Now

The Cauldron Is Boiling Now

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Shenzhen-based developer Fantasia Holdings failed to repay $206 million in bonds that matured on Monday. Separately, Country Garden’s property management unit said that Fantasia had failed to repay a 700 million yuan ($109 million) company loan. It added that Fantasia had informed the company that it would most likely “default on its external debts.”

...read full article on Seeking Alpha

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