Traditional Culture Encyclopedia - Hotel franchise - Has the Wuming Lingshui Town Project been taken over by Fuming?

Has the Wuming Lingshui Town Project been taken over by Fuming?

No. In May 2022, the project of Wuming Lingshui Town came to a standstill due to financial problems, and Guangxi Fuming Investment Co., Ltd. (hereinafter referred to as "Fuming Group"), one of the project investors, also withdrew from the development of Lingshui Town Project, so Lei Ming did not take over the project of Wuming Lingshui Town.