Even though I cannot substantiate this line of thought, I really feel it has something to do with the authorities. The closure was sudden considering that they rarely even started. Every business takes sometimes to become profitable and a business of this magnitude should have envisaged some challenges at the beginning if there were no external factors at play here. So my best guess is that they ran into problems with the authorities which might have made the investors incur some losses in a business that is just getting started.
There is no conspiracy theory here. It’s just that our investor had financial difficulties, this is not related to the project, but due to family circumstances of our investor. Therefore, we spoke honestly about this and suspended work a few days ago.
So should you find any new investor, will the project continue? If yes, are you making effort to secure new funding or this might be the end of this great idea? I did not mean to propound conspiracy theories to explain the situation but I will take your further emphasis on your first post to be the reality. I wish you all the best in your future endeavors.