Chinese Developer Fantasia Loses Two Board Members

Two nonexecutive directors at Fantasia Holdings Group Co. have resigned, days after the Chinese developer rattled investors by unexpectedly failing to repay $206 million in maturing dollar bonds.

The resignations of Ho Man, who had chaired the audit committee, and Priscilla Wong took effect immediately, Fantasia said late Monday in Hong Kong. “Mr. Ho has expressed concern that he had not been kept fully informed of certain crucial matters of the company in a timely manner,” it said.

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Source:" WSJ "

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