Reasons for the bankruptcy of Sino-Thai Construction

The reasons for the bankruptcy of Zhongtai Construction are as follows:

1. Heavy debt burden: Zhongtai Construction has invested heavily in several engineering projects in the past few years, but due to the broken capital chain, poor fund management, the company's debt burden is too heavy and the project payment is slow, which leads to the broken capital chain of the company and makes it impossible to continue its operation.

2. Fierce market competition: In recent years, the competition in China's construction market is extremely fierce, and the civil engineering services of Pacific Construction are also facing fierce competition pressure from other competitors, which is also one of the important reasons for the company's operating difficulties.