Fantasia launches major offshore debt restructuring with massive share issuance to creditors
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Fantasia Holdings Group Co. Ltd. is initiating a significant offshore debt restructuring involving the issuance of over 5.14 billion new shares at HK$1.52 each to creditors. This plan will convert a large portion of creditor claims into equity, substantially altering the company's capital structure and diluting existing shareholders. The new shares will account for nearly half of the enlarged share capital post-issuance. Analysts currently rate the stock as a Sell with a price target of HK$0.07.
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