According to the Wisdom Wealthy App, Sunshine 100 China (02608) once fell more than 8%. As of press time, it fell 6.38% to HKD 0.044 with only a turnover of HKD 88,700.

On the news front, Sunshine 100 China disclosed detailed information about an associated transaction. It is reported that on January 1, 2015, Sunshine 100 China signed a loan agreement with Leap Glory Limited, mainly for the general operating funds of the borrower's business operation. The amount of the loan is USD 10 million, the annual interest rate is 13%, and the original loan term was until January 1, 2017. Since then, the two parties have signed an extension agreement for one year each year until 2020, and finally extended the loan term to December 31, 2021. As of the date of the announcement, the loan is technically overdue.

In addition, according to Guandian, according to the latest court documents, investors have submitted an application to the Hong Kong court requesting the liquidation of the defaulting Chinese real estate developer, Sunshine 100 China Holdings Limited. The case was filed by Bao Shun (Hong Kong) Limited, and the first hearing is scheduled for August 28, with the case number HCCW352/2024.