What is the reason for the closure of Gucci Hotel in Xianning?

There are serious contradictions among shareholders, such as refusing to hand over assets to the liquidation team, paying the rent in arrears, signing a lease contract with others without authorization during the lease period, and undermining the liquidation work. Official website, the Intermediate People's Court of Xianning, inquired that on 201919, Xianning Intermediate People's Court took property preservation measures for the operating assets of Hubei Gucci Hotel Management Co., Ltd. according to the application of the liquidation team of Hubei Gucci Hotel Management Co., Ltd. ... because the shareholders and actual operators of Gucci Hotel still failed to fulfill their obligations after the deadline, Xianning Intermediate People's Court made a civil ruling of E 12 QiangqingNo. 1, ruling to seal up the house and its ancillary facilities located at No.218, Yinquan Avenue, Wenquan City, Xianning City within the business scope of Hubei Gucci Hotel Management Co., Ltd.