China’s Evergrande Shares Fall After Chairman Sells a Significant Stake – Now Another Developer in China, Fantasia, Files for Liquidation

China’s Evergrande, the world’s largest debtor, continues its fall from profitability while another company in the same sector, Fantasia Holdings, announced it is liquidating as well.  

We’ve reported on Evergrande for a few months now.  The one time world’s largest debtor was failing back in September.

Behemoth in China Real Estate Readying for Bankruptcy – Is This the Beginning of a Massive China Real Estate Crash?

This was a sign of a bigger problem for China involved in their real estate sector.

China’s Local Governments Have ‘Hidden’ Debt Estimated at $8 Trillion or Nearly Half of the Country’s GDP

Today in Hong Kong, the stock price for Evergrande decreased again after the Chairman of the company sold a significant stake he held in the failing company.

Shares in China Evergrande Group fell as much as 4.8% on Monday morning, after its chairman trimmed his stake in the cash-strapped property developer to raise about $344 million.

Now another large holding company involved in China real estate is filing for liquidation, Fantasia Holding Hong Kong.

Fantasia is not as large as Evergrande but its insolvency along with Evergrande’s indicates a crack in the China real estate sector.


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Joe Hoft is a Radio Host at, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

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