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.

It would be the latest proposal in a string of restructuring attempts by the firm, whose default on ...