Why did Fantasia take the initiative to default?

On October 4th, 2002110, the original payment of Fantasia Year was USD 206 million, but it was not paid on the 4th of Fantasia Year, which also meant that Fantasia Year defaulted on its debts. Before Fantasia, there is also a detailed debt repayment plan for bonds due in the second half of the year. The plan shows that the funds are ready to repay the 2 1 10,000 USD due in June of 5438+00. At present, the financial situation of Fantasia is ok, but the financial report may be suspected of being false. There may be some problems in the cash flow of Fantasia Year, and there may be some debts.

I. Fantasia Year

The full name of Fantasia is Fantasia Holding Group Co., Ltd., currently headquartered in Shenzhen, tel: 1998. Fantasia is mainly responsible for real estate development business, and currently has investment projects in many regions. Over the years, he also won many honorary titles. He also owns a company called Color Life Group, which is also a first-class real estate enterprise in Chinese mainland. This is mainly for asset management services such as high-end properties, office buildings and villas. This group is also a very powerful group, but there is a way to default on its debts. At present, the company has not given a statement. Inevitably, some people began to guess what kind of problems appeared in Fantasia.

Second, corporate debt default.

Enterprises default, in fact, some companies have this situation. The default of some enterprises will lead to higher costs and make the whole market turbulent. Among them, default will also exert upward pressure on the credit acceptance rate of the market, and debt default will also increase the financing pressure of the whole market, mainly because of the deterioration of the credit environment in some areas. If the default event develops further, it will also lead to more and more delays or cancellations in the market. Anyway, default will bring regional credit risk to some areas. Once an enterprise defaults, it means that the capital demand of many enterprises will increase and assets may be frozen. In short, it will affect the stability and security of the whole finance.

Second, the default of corporate debt in the last fancy year really made some investors flustered. In addition, the company has not given an exact statement at present, which is also a troublesome thing.