Movement Alert|Sunac China Falls 5.97% in Regular Trading, Two Major Lawsuits Enter Execution Phase Involving RMB 4.057 Billion

Market Focus
Jun 30

On June 30, Sunac China fell 5.97% in regular trading, trading at HKD 0.63/share, with turnover of HKD 47.70 million.

On the news front, Sunac Real Estate Group announced on June 29 that two major litigation cases have made new progress and entered the execution phase, involving a combined amount of approximately RMB 4.057 billion. In one case involving a contract dispute with Zhongrong International Trust Co., the Harbin Daoli District People's Court issued an execution ruling to freeze or deduct approximately RMB 1.064 billion in bank deposits from the parties subject to enforcement, or to seize equivalent property.

The latest legal developments add to a series of challenges facing the company, which reported revenue of RMB 45.12 billion for fiscal year 2025, a decline of approximately 39% year-over-year, alongside a net loss of RMB 13.71 billion. The company had also received a warning letter from the Tianjin Securities Regulatory Bureau earlier this year for failing to timely disclose overdue debts and asset seizures between 2021 and 2025.

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