What caused the explosion of a famous unfinished building in Qingpu, Shanghai?

Recently, a famous unfinished building in Qingpu, Shanghai was successfully blasted. After more than 20 years, it finally returned to the dust. The unfinished building was not built because of the serious shortage of funds during the construction process, which eventually led to the completion of this unfinished building.

1. After a loud noise, the famous unfinished building in Qingpu, Shanghai finally fell into the dust. After more than 20 years of turmoil, it is also inevitable to explode. According to online news, Qingpu District of Shanghai issued an announcement on August 3, and with the approval of the Public Security Bureau, it was decided to demolish and rebuild the original Shunpu Hotel of Shanghai Huacui Real Estate Company and carry out blasting.

2. On August 4th, the blasting started. After hearing a loud noise, the building finally collapsed to the southeast. With the loud noise, a lot of smoke quickly dispersed, and many people were deeply impressed by this unfinished building, because this unfinished building is also the most famous unfinished building in Qingpu District of Shanghai and the former Shunpu Hotel. According to local residents, Shunpu Hotel was first built in the 1990s, and it didn't start to move until the exterior construction was completed.

Third, this matter should start from August of 1997. At that time, Dongxing Real Estate Company and Malaysian * * * Company were going to invest in Shunpu Hotel. 1997 10, the Tang family established Dongxing co., ltd. on the basis of the previous, and became the legal representative, and in the subsequent company operation. At the same time, it is necessary to return a large amount of money owed by the bank, and the company's operating income cannot be recovered. In addition, the company's blind investment and blind acquisition have caused a serious shortage of funds. Faced with this situation, Shunpu Hotel never got out of trouble and was finally demolished by blasting.