Recently, Hainan Ruize has sued Huarun Building Material Technology and Zhaoqing Jingang Cement in Sanya Suburban Court for equity transfer disputes, involving about 95.25 million yuan. The reason is that after China Resources Company took over Jingang Cement, its operation deteriorated and stopped production in June 2023. In April 2025, it transferred the 2500t/d production capacity index of Jingang Cement to China Resources (Fengkai) Cement Plant without authorization, resulting in a serious loss in the value of 15% equity held by Hainan Ruize. Hainan Ruize believed that the other party had breached the contract, demanded compensation of 17.7 million yuan from China Resources, and demanded that Jingang Cement repurchase its equity at an appraisal price of 77.55 million yuan. At present, the case has been filed and has not been heard.
