News Service

  • September 25, 2018
    A consortium of Alberta First Nations has proposed to build a 167,000-barrel-per-day refinery in Alberta with China Petroleum & Chemical Corp. (Sinopec) and China Construction Industrial & Energy Engineering Co. Ltd. Sinopec has previously made large investments in the Canadian energy sector, including its C$2.2-billion purchase of Calgary-based Daylight Energy in 2011 and C$4.65 billion...
  • September 25, 2018
    Hong Kong-based Central China International, a subsidiary of Central China Securities (CCS), has acquired a 9.9 per cent interest in Toronto-headquartered Gravitas Financial Inc., with a view to expanding its business operations to North America. CCS is dually-listed on the Shanghai and Hong Kong exchanges and focuses on securities-related financial services such as investment banking, asset...
  • September 25, 2018
    Halifax-headquartered DHX Media Ltd. has announced a deal with a division of Hong Kong-based Global Brands Group to boost distribution and sales of its Peanuts brand in China and elsewhere in Asia. The five-year agreement with Global Brands Group subsidiary CAA Global Brand Management Group LLP will see the firm work to increase Peanuts’ presence in Asia by extending the brand’s reach across...
  • September 24, 2018
    British Columbia’s Simon Fraser University (SFU) has announced the launch of the “Indian Oil – Simon Fraser University Canada Fellowship” with a focus on the emerging areas of clean energy, hydrogen, fuel cell technology, natural gas, and advanced materials. Selected candidates will undertake twelve months of initial course and research work at SFU in Canada and subsequently three years of PhD...
  • September 24, 2018
    Vancouver, B.C.-based RepliCel Life Sciences Inc. (RepliCel) has received the conditional approval required from the Toronto Stock Exchange to complete a US$5.09-million investment from YOFOTO Health Industry Co. Ltd, a Chinese health company. The investment will allow RepliCel to commercialize its products in Greater China in collaboration with YOFOTO. In addition, YOFOTO will collaborate with...
  • September 21, 2018
    The Government of Canada has launched an engagement plan with business, industry, academia, Indigenous Peoples, and different levels of government to help develop a ‘Made-in-Western-Canada’ growth strategy. The strategy will reflect unique regional advantages of each province and help stimulate economic growth. More information on the regional landscape of Western Canada can be found in the ...
  • September 21, 2018
    Aurora, Ontario-based auto parts company Magna International Inc. (Magna) has signed a deal to sell its fluid pressure and controls business to Hanon Systems, a South Korean supplier of thermal and energy management systems, for approximately US$1.23 billion, subject to antitrust approvals. The fluid pressure and controls business had US$1.4 billion in sales in 2017. The 4,200 fluid pressure...
  • September 20, 2018
    Richmond, B.C.-based merchants will soon be able to better market to Chinese tourists thanks to a new agreement between Tourism Richmond and local businesses through Alipay’s mobile payment platform. Alipay, which is associated with Chinese online retail giant Alibaba, allows merchants to highlight their business on a location-based “discover” function. Merchants can also market to Chinese...
  • September 20, 2018
    Vancouver-based Steelhead LNG has closed a deal with South Korea's Hyundai Heavy Industries Co. Ltd. to provide engineering and design of two LNG hulls as part of phase one of the Kwispaa LNG project on Vancouver Island. Each hull is expected to measure 340 metres in length and 60 metres wide and feature five individual tanks that provide approximately 280,000 cubic metres of LNG storage. The...
  • September 20, 2018
    Vancouver-based Cozy Holding Corp. has announced that its property management company Cozy Living Inc. has secured an investment from Beijing-headquartered Sweetome, a subsidiary of Tujia. The investment follows Cozystay’s recent announcement that it would integrate blockchain into its platform. Tujia is China’s largest short-term property rental firm, and thought of by many as China’s AirBnB....
  • September 20, 2018
    Toronto-headquartered-Canada Pension Plan Investment Board (CPPIB) and the Bangaluru, India-headquartered commercial real estate company RMZ Corp have entered into an agreement to purchase a property in Bengaluru for C$115 million. The newly formed joint venture plans to develop eight to ten million square feet of leased office space. RMZ and CPPIB are also formalizing a deal to acquire 13 acres...
  • September 19, 2018
    YOFOTO Health Industry Co., Ltd., a Chinese health industry firm, has concluded a seven-day study tour to Canada for more than 200 of its employees. To better understand the Canadian market and seek opportunities to work with local businesses, YOFOTO employees visited Calgary and Vancouver during the tour. YOFOTO covers health monitoring, scientific nursing, exclusive guarantees, targeted medical...
  • September 19, 2018
    Toronto-based Grasshopper Solar has announced a US$10-million investment in six Univergy Solar power plants in Japan. These projects total 4 MW, will utilize 12,500 solar panels, generate 4,544 MWh of clean energy, and deliver 3,283 tons of carbon emission abatement annually. The portfolio will be developed by Univergy, an international solar energy company headquartered in Spain, and...
  • September 19, 2018
    Seaspan ULC (Seaspan), a North Vancouver, B.C.-based charter owner and operator of containerships, has announced the closing of its public offering of 6,000,000 shares for US$150 million. Seaspan said it will use the proceeds for general corporate purposes, which may include funding acquisitions, debt repayments, and redeeming certain preferred shares. Seaspan charters vessels for long-term,...
  • September 18, 2018
    Vancouver, British Columbia-based Incognito Software Systems (Incognito) has announced that Globe Telecom Inc. (Globe) is in partnership with Incognito’s Digital Home Experience Solution. Globe is one of the largest and fastest growing mobile, fixed line, and broadband operators in the Philippines, and with Incognito’s remote management system, it will be able to resolve home connectivity issues...
  • September 18, 2018
    Halifax, Nova Scotia-based Chorus Aviation has signed lease agreements with Philippine Airlines for three new Bombardier Q400 aircraft. The new Q400 are scheduled for delivery in the third and fourth quarters of 2018, and the agreement marks Chorus Aviation’s first lease transaction in Southeast Asia, a fast-growing market for airlines. Chorus Aviation is a holding company that has been leasing...
  • September 18, 2018
    Toronto-based Fairfax India Holdings Corp. (Fairfax India) has entered into an agreement with Sanmar Chemicals Group (Sanmar) in India to increase Fairfax India’s equity interest in the firm to approximately 43 per cent. In 2016, Fairfax India completed an investment of US$300 million in bonds maturing on April 22, 2023 and common shares that represented a 30 per cent equity interest. Under the...
  • September 17, 2018
    Novo Resources Corp. (Novo) has entered into two property transactions in the Egina region of Western Australia. Novo entered into a purchase agreement to acquire 100 per cent of the issued and outstanding shares of Farno-McMahon Pty. Ltd. (Farno), an Australian exploration company. Farno holds a 100 per cent interest in four key tenements in Egina, including two mining leases. Novo paid A$150,...
  • September 17, 2018
    Minister of International Trade Diversification Jim Carr opened the second reading of Bill C-79 today, the legislation that will implement the Comprehensive Progressive Agreement for Trans-Pacific Partnership (CPTPP) if ratified. Minister Carr highlighted the CPTPP’s potential to boost Canada’s GDP by supporting growth for businesses and workers in different economic sectors. He also underscored...
  • September 17, 2018
    Quebec City-based Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest pension fund, has agreed to acquire a 40 per cent stake in CLP India for US$368 million, valuing the company at US$920 million. CLP India is the wholly-owned local arm of CLP Holdings (formerly known as China Light & Power), and it is one of the largest foreign investors in the Indian power sector. CLP...

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