China property developer Fantasia proposes $1.3 bln debt to equity swap for creditors
29/04/2024 11:40
April 29 (Reuters) - Embattled Chinese property developer Fantasia 1777.HK said on Monday it is proposing a debt-to-equity swap, where it plans to convert $1.3 billion of scheme creditors' claims to shares. (Reporting by Roushni Nair in Bengaluru; Editing by Shounak Dasgupta) ((Roushni.Nair@thomsonreuters.com))
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