Seazen addresses going concern risk, outlines response strategy

** Seazen Holdings (SSE: 601155) is working to reassure investors after its auditor, Grant Thornton, raised concerns about the company's ability to continue as a going concern. In a special statement released alongside its 2024 annual report, Seazen's board acknowledged that its current liabilities exceeded its liquid assets by RMB 15.07 billion as of December 31, 2024 and that its short-term debt obligations, including RMB 11.99 billion in interest-bearing liabilities, presented a “significant uncertainty” about its future financial viability.