Fantasia Holdings Group Co., Limited (“Fantasia” or the “Company”, stock code: 1777) announces its controlling shareholder- Fantasy Pearl International Limited (“Fantasy Pearl”, jointly owned by Ms. ZENG Jie Baby, the Company’s founder, and Mr. PAN Jun, the Company’s Chairman), completed three rounds of purchases of Fantasia’s Senior Notes due January 23, 2019 on August 18th, 19th and 20th in the secondary market. Face value of senior notes purchased totals US$1.5 million; the actual consideration paid stood at US$ 1.36 million.
The purchasing decision is a concrete testimony to the controlling shareholder’s sturdy support for the Company, built on strong confidence in the vibrancy of Fantasia’s business operation, development prospects and cash flow as the Company’s two-wing capital platforms come into full operation. The controlling shareholder expresses its belief that Fantasia’s strong cash flow and high gross margins will help ensure the progressive advance of the Company’s continuous strategic transformation.
Fantasia activated an overall strategic transformation in 2006 from a real estate developer to comprehensive social community services provider. With a persistent focus on operational efficiency and investment returns, Fantasia runs synergic operations across eight main business segments ranging from property development, Colour Life residential community services, financial services, international properties, cultural tourism, business management, senior housing and education industry.
In June 2014, Fantasia listed on HKEX its subsidiary Colour Life (01778.HK), the largest social community services operator. Institutional and retail enthusiasm during the offering bears a strong testimony to Fantasia’s success in engineering its light-asset transformation on an effective international capital platform.