GRANDJOY(SZ:000031) Jing Ji Guan Cha Bao·2025-12-03 12:59Core Viewpoint - Wuhan Deyue Real Estate Development Co., Ltd. (Wuhan Deyue), a subsidiary of Dayue City, has filed a lawsuit against the Natural Resources and Urban Construction Bureau of Caidian District, Wuhan, over a land transfer dispute involving a claim for 360 million yuan in land transfer fees and over 710 million yuan in damages [1][2]. Group 1 - The lawsuit stems from a contract signed on December 31, 2019, between Caidian District's bureau and Wuhan Deyue for the transfer of land use rights for a specific plot, which has not been delivered as per the agreement [2]. - Wuhan Deyue has made all required payments for the land transfer but claims that the bureau has failed to fulfill its obligation to deliver the land, leading to the lawsuit for contract termination and compensation [2]. - The total claims from Wuhan Deyue include the return of the land transfer fee of 360 million yuan and compensation for losses amounting to 710 million yuan [2]. Group 2 - Wuhan Deyue has a background in state-owned assets, with 49% of its shares held by Wuhan Metro Construction Co., Ltd., a wholly-owned subsidiary of Wuhan Metro Group, which is fully owned by the Wuhan State-owned Assets Supervision and Administration Commission [3]. - As of the announcement date, the case has not yet been heard in court, and further developments will be monitored [4].