Shenzhen Seg Investment Holdings subsidiary provided a total of more than 8.05 million yuan in compensation guarantees for Huizhou Qunxing.
Shenzhen SEG Co., Ltd. announced that its holding subsidiary SEG Real Estate, which holds 79.02% of the shares, had provided joint liability guarantee for a comprehensive credit limit loan of 150 million yuan to Huizhou Qunxing, holding 88% of the shares. Due to financial difficulties, Huizhou Qunxing did not repay the loan on time, and SEG Real Estate made multiple compensations. On September 22, 2025, Beijing Bank deducted 848,514.16 yuan from SEG Real Estate's account to pay the interest on the loan to Huizhou Qunxing. As of now, SEG Real Estate has allocated a total of 8,051,445.01 yuan for compensation. Going forward, Shenzhen SEG will urge Huizhou Qunxing to raise funds for repayment, and reserves the right to take legal measures, while reminding investors to be aware of the risks.
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