Why has cits joint's restructuring been unsuccessful?

Cits joint's restructuring failed due to the failure to reach an understanding in commercial negotiations. As the capital flow in cits joint has been unstable, business negotiations failed to reach a consensus, so the restructuring failed. Cits joint refers to cits joint Limited. Cits joint Co., Ltd. is a listed company that invests and manages the leisure and holiday industry. 1998 12.28 was established in Nanjing; On September 22nd, 2000, with the approval of China Securities Regulatory Commission, it was listed on the Shanghai Stock Exchange.