China developer Fantasia's shares set to open down after 16-month suspension

Fantasia Holdings

11/08/2023 02:21

HONG KONG, Aug 11 (Reuters) - Shares of Chinese property
developer Fantasia Holdings  1777.HK  are set to open down 26%
on Friday as trading resumes after the stock was suspended since
April 1, 2022.
    Shares of the Shenzhen-based company were halted from
trading pending the release of its 2021 and 2022 financial
results, and the withdrawal of a winding-up petition against the
company.
    Fantasia reported combined net losses for 2021 and 2022 of
16.6 billion yuan ($2.3 billion) on Thursday.
($1 = 7.2165 Chinese yuan renminbi)

 (Reporting by Clare Jim; Editing by Jamie Freed)
 ((clare.jim@thomsonreuters.com;))