Why did Liyang City Xinghe stop working?

Liyang Metropolis Xinghe stopped working because of the broken capital chain. According to official website's inquiry, Liyang Metropolitan Xinghe is a large-scale real estate development project, which was invested and built by liyang city Hua Mao Real Estate Development Co., Ltd., and the project was stopped on 20 19 due to the break of the capital chain, so the developers are facing serious financial pressure. In addition, liyang city, where the project is located, is also strengthening the supervision of the real estate market and strengthening the approval and supervision of real estate development, which may have an impact on the developer's funds and development plans. Kunshan Hua Mao Real Estate Development Co., Ltd. is located at No.388, North Gate Road, Yushan Town, Kunshan City, with convenient transportation. It was incorporated in Kunshan Industrial and Commercial Bureau on February 9, 2004 with a registered capital of 46,257,750 yuan, mainly engaged in real estate development and operation. Sales of building materials, metal materials, electrical appliances and department stores. Property management.