RiseSun Real Estate Development's (SHE:002146) unit, Hebei Moze Real Estate Development, faces a lawsuit as it was sued over unpaid debt worth 16.4 million yuan, according to a Shenzhen Stock Exchange disclosure on Wednesday.
Ping An Bank (SHE:000001) sued the real estate company at Qiaoxi District People's Court of Shijiazhuang City, Hebei Province, China.
The amount includes 15.7 million yuan in principal, which was loaned on Aug. 30, 2023, and interest of 957,600 yuan.
As of the date of the disclosure, RiseSun incurred an overdue unpaid debt of 390 million yuan.
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