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.
Port Landbridge China Chinese Company Government Ownership Sale Lease Darwin Port Nt Northern Territory
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Darwin port’s Chinese operator could lose lease amid fears over its financesThe Chinese company that runs the Port of Darwin has expressed concerns about its financial position, raising the prospect of the Northern Territory Government terminating its controversial lease of the facility.
Read more »
Albanese urged to intervene after Chinese port operator falls into financial difficultyThere are calls for the Prime Minister to step in and force the sale of the Darwin Port following revelations its Chinese operator is in financial difficulty.
Read more »
Not all Chinese brands will survive in Australia, says incoming Chinese brand7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
The good, the bad and the ugly: Dreamtime in Darwin a raging success7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Darwin's Shoal Bay rubbish tip helps provide power to 1,200 housesFor the past 20 years, an energy project on the outskirts of Darwin has been quietly generating renewable electricity 24 hours a day and abating tens of thousands of tonnes of carbon dioxide.
Read more »
Divers lay wreath at Booya shipwreck in Darwin to honour five who drowned during Cyclone TracyDivers have visited the wreckage of a boat that sank during Cyclone Tracy 50 years ago to lay a wreath for those who died during the storm.
Read more »