News Service

  • January 2, 2018
    Toronto, Ontario-based Sparton Resources Inc. has approved an MOU for evaluation and possible acquisition of a 70 per cent interest in the 16-square-km Yao Wan polymetallic exploration licence in Shaanxi province, China. The MOU has been entered into by a newly incorporated subsidiary of Sparton, VStar Industries Inc., and Warwick Mining Development Company Ltd. (WMD), a private Chinese company....
  • January 2, 2018
    Vancouver, British Columbia- headquartered Westport Fuel Systems Inc. (WFS) has entered into a development and supply agreement with India’s Tata Motors Ltd. (Tata) for Tata's four-cylinder and six-cylinder natural gas spark-ignited commercial vehicle engine family to meet the Indian government's new Bharat Stage VI (BS-VI) emission standards, scheduled to take effect in April 2020. WFS has...
  • December 21, 2017
    From wobbly trade to unwanted trash, and from soft diplomacy to the spectre of nuclear exchange, APF Canada’s research team has once again turned its collective gaze to the future to produce APF Canada's fourth annual year-end blog highlighting things we’ll be watching in Canada-Asia relations, news, and current events in 2018. Click here to see what the new year holds, and to vote for your...
  • December 21, 2017
    Montreal-headquartered SNC-Lavalin Group Inc. has been selected as the preferred contractor for the Stockyard Hill wind farm in Victoria, Australia, by Goldwind Australia and has commenced early works. SNC-Lavalin, in joint venture with Australian company WBHO Infrastructure Pty. Ltd., will undertake the engineering design, procurement and construction of all electrical infrastructure on the...
  • December 21, 2017
    Ottawa-headquartered betterU, a global education-to-employment ecosystem and marketplace, has completed an agreement with HT Overseas Pte. Ltd., a wholly-owned subsidiary of New Delhi-headquartered HT Media Limited (HT), for a media investment of up to C$10 million to be utilized over two years. The investment will provide betterU’s marketplace with increased visibility to millions of people...
  • December 20, 2017
    Following a three-day annual planning meeting, Chinese leaders have promised to increase imports and reduce risks in their financial system. The announcement comes amid slowing economic growth and pressure from trading partners to open their markets wider. China’s official Xinhua News Agency reported a statement issued following the meeting pledged to rein in financial risks, control pollution,...
  • December 20, 2017
    Montreal-headquartered SNC-Lavalin has been selected as a partner by Australia’s Clean TeQ Holdings Ltd. in the development of Clean TeQ Sunrise, a world-class nickel, cobalt and scandium project based in New South Wales, Australia. Under the first phase of the development agreement, SNC-Lavalin, in alliance with Netherlands-headquartered CB&I and Clean TeQ, will produce a project proposal...
  • December 20, 2017
    Montreal-headquartered Bombardier Inc.'s Bombardier Transportation will build and deliver an additional 27 ‘VLocity’ diesel multiple unit railcars for Transport for Victoria (TfV) and Australia’s Victorian state government, which will bring the total fleet to 264 railcars in passenger service by 2019. The total value of the contract is approximately C$144 million. The new trains will achieve over...
  • December 19, 2017
    Chinese investment firm Nextview New Energy Lion Hong Kong Ltd. has announced it is paying C$265 million for Vancouver-based lithium exploration company Lithium X Energy Corp., the second investment by the Chinese investment firm in a Canadian-listed lithium company in the past few days. The deal comes as battery metals such as cobalt and lithium have seen prices soar in recent years thanks to...
  • December 19, 2017
    The Chamber of Mines of the Philippines (COMP) has announced that it will adopt the Towards Sustainable Mining (TSM) initiative, a mining sustainability standard developed by the Mining Association of Canada (MAC). This is the first time that TSM has been adopted by a mining association in Southeast Asia. COMP is the fourth national mining association outside of Canada to adopt TSM in the span of...
  • December 19, 2017
    Shareholders of Calgary-based construction company Aecon have voted overwhelming to approve a C$1.5-billion takeover of the company by a Chinese firm. CCCC International Holding Ltd., a subsidiary of China Communications Construction Company Ltd., announced a friendly deal in October to buy the company for C$20.37 per share in cash. The company's board unanimously recommended shareholders support...
  • December 18, 2017
    Aurora, Ontario-headquartered global automotive supplier Magna International Inc. supplied key systems for the NIO ES8 electric SUV, launched today by new Chinese startup NIO. The ES8 features a lightweight all-aluminum body and chassis, and comes standard with electric-drive (e-drive) systems in the front and rear of the vehicle. Magna's content includes the aluminum front sub-frame and rear...
  • December 18, 2017
    Montreal-headquartered Bombardier Inc.'s Bombardier Transportation, as part of the Rail Systems Alliance (RSA), has won the contract to install a high-capacity rail control system for the A$11-billion Melbourne Metro tunnel project, the state of Victoria's largest-ever investment in public transport. The RSA comprises Bombardier Transportation, CPB Contractors, Melbourne Metro Rail Authority and...
  • December 18, 2017
    CRRC Puzhen Bombardier Transportation Systems Ltd. (PBTS), a joint venture between Montreal-headquartered Bombardier Inc.'s Bombardier Transportation and the Chinese CRRC Corp. Ltd. (CRRC), has been awarded its first monorail contract in China. The order is for the ‘Bombardier Innovia Monorail 300’ platform, along with a total of 240 cars, to Wuhu City in Anhui Province. The total contract is...
  • December 15, 2017
    Laval, Quebec-headquartered Savaria Corp. has acquired, through Savaria (Australia) Pty. Ltd., its wholly owned subsidiary, all of the assets of Master Lifts Australia Pty. Ltd., a leading elevator dealer based in Brisbane, Australia, for a purchase price of C$3.1 million. The acquisition of Master Lifts provides Savaria with a national sales platform to gain access to the Australian market....
  • December 15, 2017
    Toronto, Ontario-headquartered Datametrex AI Limited has entered into a binding letter of intent to acquire all of the outstanding shares of Ronin Blockchain Corp. Ronin is a global, industrial-scale Blockchain platform with a specific focus in mining cryptocurrencies, primarily through a memorandum of understanding with GoSun Group, one of China’s largest infrastructure and networking...
  • December 15, 2017
    Quebec’s Bombardier Commercial Aircraft has announced that Air Philippines Corporation, operator of Philippine Airlines affiliate airline PAL Express, has signed an eight-year ‘Smart Parts’ agreement for the component management of the airline’s 12 new turboprop Q400 aircraft. The agreement involves comprehensive component maintenance, repair and overhaul services, access to a strategically...
  • December 14, 2017
    Air Canada and Air China Limited have announced that the airlines will expand their mutual codeshare services and lounge agreement in time for the 2018 Canada-China Year of Tourism. The two airlines are working toward finalizing their planned joint venture, while satisfying both countries’ applicable regulatory conditions. As a result of the codeshare expansion, Air China will place its code on...
  • December 14, 2017
    Waterloo, ON-headquartered BlackBerry Ltd., a cybersecurity software and services company, and Japan-based DENSO Corporation, a global automotive supplier of advanced technology, systems and components, announced on December 13, 2017 that the companies have jointly developed the world's first integrated Human Machine Interface (HMI) platform. California-based Intel Corp. also collaborated in the...
  • December 14, 2017
    The Asia Pacific Foundation of Canada today released the finale episode in The Youth Element podcast series about youth cultures in the Asia Pacific. The series is the brainchild of post-graduate research fellows Justin Kwan and Linda Qian. This episode, "Visions of Future,” explores millennial concerns over growing into adulthood in Taipei, Shanghai, Tokyo, Hong Kong, and Seoul – from incredibly...

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