Chinese-owned company Landbridge's 99-year lease over Darwin Port under a cloud after financial audit

  • 📰 abcnews
  • ⏱ Reading Time:
  • 17 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 83%

Darwin News

Port,Landbridge,China

The PwC report found a 'material uncertainty' about Landbridge's 'ability to continue as a going concern' at the port.

A financial audit has found a "material uncertainty" about Chinese-owned company Landbridge's "ability to continue as a going concern" at the Darwin Port.

“There is a material uncertainty that may cast significant doubt on the Landbridge Group Co’s ability to continue as a going concern,” the PricewaterhouseCoopers audit found. NT Treasurer Bill Yan said he had a meeting to discuss the issue with federal Infrastructure Minister Catherine King in Canberra on Thursday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines