The Chinese company that controversially purchased Darwin Port nine years ago is scrambling to offload assets and pay down debt to stave off creditors and avoid a forced sale of its key Australian asset.
The Northern Territory government is so worried about the situation it has written to Landbridge seeking further information about the group’s ability to meet its financial obligations, and said it is reviewing its rights.
Loading...
Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
