24th June 2020
The GSD has again voiced concern about the Gibraltar Governments planned joint venture with Chinas Beijing Liujian Construction Group, following reports that a Chinese-owned UK-based company specialising in modular construction has gone into liquidation.
The Opposition said the development highlighted weakness in demand for modular construction and undermined Sir Joe Bossanos hopes that the deal would drive economic growth in Gibraltar.
The party was reacting to a report in the Sunday Times that UK-based CIMC MBS Limited, the modular construction subsidiary of China International Marine Containers, had gone into liquidation with liabilities of 11m, mostly owed to another CIMC company.
Sir Joe Bossano stated in Parliament…
Read the full article at: https://www.chronicle.gi/gsd-questions-china-deal-after-uk-company-goes-into-liquidation/
