Is Pingchuan Xinhe real estate rotten?

Pingchuan Xinhe real estate is rotten to the tail. According to relevant public information, Pingchuan Xinhe Real Estate encountered the dilemma of broken capital chain in the process of project development. Due to various reasons, including market changes, long project development cycle, financing difficulties, etc. The company was unable to repay the loan on time, and was eventually chased by banks and investors and eventually went bankrupt. Pingchuan Xinhe Real Estate is a real estate development company in Meizhou City, Guangdong Province, involving many projects. Among them, the Pingchuan Xinhe World City project located in Fengshun County of Meizhou City covers an area of about 1.500 mu, involving residential, commercial, tourism and other formats, and is one of the local key projects.