Why did Ping An financing fail in 2008?

Ping An tried to acquire a 50% stake in Fortis Bank by refinancing 654.38+06 billion. Its biggest mistake before was to invest in Fortis Bank, and at that time it had to gamble with shareholders' money! At that time, more than 90% of the high votes were passed, and there were some insiders. But fortunately, it was finally stopped! If Ping An's financing is successful, it will be worth at most 20-30 billion yuan so far, and Ping An Company will go bankrupt.