As the default of Chinese property developer Evergrande looms, with $300 billion in liabilities in question, Chinese real estate developer Fantasia has just missed a bond payment deadline. The company has one month to correct the default, which means it must repay the debt before Nov. 4, otherwise, all its overseas USD bonds will become due immediately. After failing to repay the principal of $206 million on its senior notes due Oct. 4, 2021, Fantasia Holdings confirmed on Oct. 11 that it has established an Internal Debt Restructuring Team, and has appointed financial and legal advisors to evaluate the capital structure and figure out a solution. The company also revealed that it would sell some of its assets for the repayment of short-term debts. Noteworthy is the fact that the founder of Fantasia is Zeng Baobao, the niece of former Chinese vice president Zeng Qinghong. A week after the default, …