Fantasia Ends TDR Issuance Plan

   Date:2011/10/20

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.

Source:CapitalVue

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