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

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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.

 

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