Financial closure by Chinese company delays the design of the Bogotá subway system
As reported by the Colombian radio program “W Radio,” uncertainty exists regarding the delivery deadlines for the Bogotá subway system, as a result of the failure of the APCA Transmetro consortium to meet the deadlines for financial closure.
Colombian Foreign Minister met with the Special Representative of the Chinese Government for Latin America and the Caribbean Affairs
Álvaro Leyva, Colombia’s Minister of Foreign Affairs, met with Qiu Xiaoqi, Special Representative of the Chinese Government for Latin American and Caribbean Affairs, on November 18.
Justo & Bueno in Colombia will close stores after not receiving resources from Chinese firm to pay off debts
The discount and low-cost chain Justo & Bueno was awaiting a financial injection from the Chinese firm JF Capital. However, on the evening of May 10, the Justo & Bueno chain informed that it regretted that the new owners had not been able to meet the agreed deadlines.
Chinese firm JF Capital International has bought the Justo & Bueno chain
The shareholding of the retail company Justo & Bueno (J&B) was purchased by the Chinese conglomerate Joining Futures Capital International Limited. The news of the purchase was made official last Thursday, April 19, following the supermarket company’s financial crisis that began in 2021.