Chinese Builder Fantasia Plans to Unveil New Restructuring Plan

Chinese developer Fantasia Holdings Group Co. plans to release a new restructuring plan in the coming weeks after previous attempts fizzled, people familiar with the matter said, underscoring the years-long struggle of builders to move past an unprecedented property crisis.

The company has been working on the latest plan, which would enable it to deleverage further, with a key group of creditors, according to the people, who asked not to be identified discussing private matters. Details are still being finalized, they added.