Fantasia Ends TDR Issuance Plan

Date:2011-10-20houhaizhen  Text Size:

October 20 -- Property developer Fantasia Holdings Group (1777.HK) ended its plan to issue Taiwan Depository Receipts (TDRs) due to market uncertainties, reports yicai.com, citing a company filing.

The company said the termination of the issuance will not affect its operations.

Fantasia had announced in April that it plans to issue NT$1.2 billion worth of TDRs in order to fund a tourism facility in Jinmen, Taiwan.

The issuance was then postponed at end June.

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1