Core Points - Sanmu Group has been sued by Fuzhou Rongtou Supply Chain Management Co., Ltd. for a contract dispute involving approximately 610 million yuan [1] - The lawsuit stems from Sanmu Group's failure to fulfill 28 product sales contracts valued at about 574 million yuan [2] - The court hearing is scheduled for November 10, 2025, and the outcome remains uncertain [1][2] Group 1: Lawsuit Details - The lawsuit involves nine claims from Fuzhou Rongtou, seeking to terminate all 28 contracts and recover related payments [2] - The total amount claimed in the nine lawsuits is approximately 610 million yuan, including high interest and penalties [2] - Previous litigation against Sanmu Group by Fuzhou Rongtou involved claims of around 100 million yuan, similar in nature to the current case [2] Group 2: Shareholder Implications - Fuzhou Rongtou has requested priority rights over specific assets, including shares held by Sanmu Group's major shareholder, Fuzhou Development Zone State-owned Assets Operation Co., Ltd. [3] - The state-owned company holds a combined 21.47% stake in Sanmu Group, having acquired 100% of the shares from the largest shareholder, Fujian Sanlian Investment Co., Ltd. [3] - The lawsuit also includes multiple subsidiaries of Sanmu Group as co-defendants, indicating a broad impact on the company's structure [5]
28份合同“未交货”,遭6亿元巨额索赔!上市公司及多家子公司被告上法庭