Country Garden's stock price plummeted 5.26% during intraday trading on Tuesday, reflecting significant selling pressure.
The sharp decline follows the company's announcement that it is newly involved in 14 pending litigation and arbitration cases, each with a disputed amount exceeding RMB 50 million. The total disputed amount from these cases is approximately RMB 2.07 billion, representing a substantial legal and financial overhang for the property developer.