Fantasia obtains RMB 20 billion credit line from CCB


Fantasia Holdings Group Co., Limited (“Fantasia” or the “Company, together with its subsidiaries the “Group”, HKEx Stock Code: 1777) today announced that it has entered into a “Strategic Cooperation Agreement” with China Construction Bank Corporation (“CCB”) to further strengthen their well-established long-term relationship.

According to the agreement, the Shenzhen branch of China Construction Bank Corporation will offer a credit line of RMB 20 billion to Fantasia in the next 5 years to support Fantasia’s business development. The banking facility will cover property development loans, mortgage loans for commercial properties, bridging loans, loans for M&As, etc. Fantasia has already gained the support of a number of banking corporations for its proven track record with respect to rapid business development and good corporate reputation. Amongst them, China Everbright Bank has granted a credit line of RMB 2 billion to Fantasia in late November this year.

Mr. Pan Jun, Chairman, Chief Executive Officer and Executive Director of the Company said, “We are delighted to have received the full support of CCB. The banking facility enables us to further strengthen our financial position to bolster future growth and development. Going forward, Fantasia will continue to focus on expanding its business in the fast growing economic regions in China. We will adhere to our disciplined prudent approach to acquire land at low cost to strengthen our land bank. Our professional management team will continue to work together to expand our business and further strengthen our position as a leading property developer and service provider in China to bring fruitful returns to our investors.”