Chinese buyer of Darwin Port struggles to pay interest and heavily in debt | afr.com

An analysis of the finances of the Landbridge Group and its billionaire founder Ye Cheng shows he does not fit the ...
An analysis of the finances of the Landbridge Group and its billionaire founder Ye Cheng shows he does not fit the stereotype of a cashed-up Chinese billionaire with access to cheap funding from state-owned banks. supplied

Landbridge’s funding challenges became more acute on Tuesday when it failed to sell a 20 per cent stake in the Darwin Port to an Australian entity, as prescribed in the original sale agreement



Read more: http://www.afr.com/news/policy/foreign-affairs/chinese-buyer-of-darwin-port-struggles-to-pay-interest-and-heavily-in-debt-20170704-gx4ak0#ixzz4m0b86iXP 
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http://www.afr.com/news/policy/foreign-affairs/chinese-buyer-of-darwin-port-struggles-to-pay-interest-and-heavily-in-debt-20170704-gx4ak0

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