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Reasons for the closure of Guangxi Construction Engineering No.5 Project

The reasons for the closure of the enterprise are as follows:

1. Huge liquidity gap: The company is facing a huge funding gap, which leads to tight operating funds and has been unable to operate normally.

2. Unable to repay due loans: The company faces a large number of due financing loans, but due to the shortage of funds, it can't repay them on time, and even some loans can't be extended.

3. Construction and production are facing shutdown: due to financial problems, the company's projects under construction are facing shutdown, and the completed projects cannot be delivered as planned.

4. Failure to bid normally after project acceptance: The company failed to bid normally for new projects, resulting in business obstruction.

5. The amount of wages owed to migrant workers is huge: the company is also facing huge wages owed to migrant workers, which makes the company fall into public opinion and legal pressure.