Grandjoy Holdings faces litigation worth 12% of net assets

Grandjoy Holdings Group reported cumulative litigation and arbitration cases worth 1.32 billion yuan, equivalent to 12.44% of its latest audited net assets.

The company faces 663.8 million yuan in cases where it is plaintiff and 654.5 million yuan as defendant. Disputes primarily involve construction, property sales and commercial leasing, with 248.7 million yuan in cases already concluded.