Why did Suizhou Greentown Li Tao Feng Chun Town stop?

According to public information, Feng Chun Town, Li Tao, Suizhou Greentown declared bankruptcy as of June 30, 2022. The reasons for bankruptcy are poor management, lack of funds and fierce market competition.

Suizhou is a prefecture-level city in Hubei Province, located in the north of Hubei Province. It is called the throat of Han Xiang and the pearl of northern Hubei. Located at the intersection of the Yangtze River Basin and Huaihe River Basin, Wuhan is the central city in the east, Xiangyang is the sub-central city in the west, Jingmen is in the south, and Nanyang and Xinyang are the north gates of Hubei Province.