Seazen(SH:601155) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-09 04:13Group 1 - New City Holdings (601155.SH) corrected its 2024 annual report regarding related party fund borrowing, revealing that there were borrowing activities in 2023 and 2024, with a maximum borrowing balance of 700 million yuan in 2023 and 800 million yuan in 2024, but ending balances for both years were zero [1] - The company stated that all borrowings were repaid within the same month, except for one borrowing in 2023 that was repaid the following month [1] Group 2 - New City Yuyue Service Group Limited (1755.HK) announced the results of an independent forensic investigation, confirming undisclosed related party transactions totaling 1.8 billion yuan in 2023 and 5.17 billion yuan in 2024, primarily to alleviate New City Holdings' short-term liquidity needs [2] - The investigation revealed that the transactions were orchestrated by former executive director Yang Bo and a management personnel from New City Holdings, who circumvented internal electronic approval processes using paper approvals, and relevant transaction records were deliberately deleted [2] - Following the investigation, New City Yuyue Service's board dismissed Yang Bo from his positions as executive director and chief operating officer, and trading of New City Yuyue Service shares remains suspended with no set date for resumption [2]