The move by Sunac Group is based on its trust in the China International Economic and Trade Arbitration Commission and hopes to resolve contractual disputes with Wanda through fair rulings. It is understood that Sunac paid 9.50 billion yuan in 2018 to acquire Wanda Commercial Management, a commercial real estate company owned by Wanda.

However, according to Wanda, Sunac did not pay the relevant payment as agreed. According to media reports, Wanda said that Sunac did not complete the acquisition according to the timetable stipulated in the agreement, and there were problems such as broken capital chains, which led to the inability to pay on time.

Sunac Group believes that Wanda Commercial Management's poor operating conditions may be one of the reasons for Sunac's failure to pay on time. In addition, Sunac also pointed out that the two sides reached a number of agreements during the negotiation process, but they were not fully adhered to in the actual implementation process.

Regarding Sunac's accusation, Wanda said that the two sides have established a complete communication mechanism during the cooperation process, and there is no breach of contract. At the same time, Wanda also stressed that Sunac's breach of contract not only damaged the interests of both parties, but also violated the cooperation agreement signed by both parties.

The focus of the arbitration case is whether Sunac should bear the responsibility for the payment and how to deal with subsequent issues. If the arbitration result supports Sunac's claim, then Wanda will need to repay the amount paid by Sunac and compensate the corresponding interest and losses. If the arbitration result supports Wanda's claim, Sunac will need to pay the corresponding amount to Wanda and bear the liability for breach of contract.

Overall, the outcome of this arbitration case will have a significant impact on both parties, and may have a certain impact on the development of the entire real estate industry. Therefore, we hope that the final result can handle the issues of both parties fairly and reasonably, and avoid unnecessary legal proceedings and economic losses.