Why did Lishan Investment close down?

There is an illegal act. At 9: 30am on October 25th, 2022/KLOC-0, the case of 2/KLOC-0 people, including the defendant Lishan Group and the defendant Hu Qifeng, illegally absorbing public deposits was publicly pronounced in the First Trial Court of our hospital, and Lishan Investment committed illegal acts, which led to bankruptcy. Lishan Investment Group Co., Ltd. was established in February 2009. The company is located in Pu Zhong Road, Lucheng District, Wenzhou City, Zhejiang Province.