News Service

  • 22 hours ago
    As Rodrigo Duterte prepares to assume the presidency in the Philippines following his electoral victory on May 9, 2016, the Asia Pacific Foundation of Canada has released a publication in its Canada-Asia Agenda series looking at the dynamics of the 2016 election, the reasons for Duterte’s victory, and the challenges ahead. In “The 2016 Philippine Elections: Democracy’s Discontents and Aspirations...
  • 22 hours ago
    Canada's Fairfax Financial Holdings Ltd. has agreed to buy 80 per cent of Asuransi Multi Artha Guna Tbk (AMAG) for about C$165 million. AMAG is an Indonesia-based company that provides general insurance services. Fairfax said it would buy the stake from Paninvest Tbk and affiliates in a deal likely to close by year-end. Fairfax said it would integrate AMAG with its Indonesian subsidiary before...
  • 22 hours ago
    Chinese warehouse provider Global OConnect has launched an overseas exhibition warehouse in Toronto, Canada. Established in 2015, Global OConnect is an offline business affiliate of OSell e-commerce platform, a Hong Kong based company that connects global retail businesses with Chinese suppliers. The Toronto warehouse will provide increased access for high-end Chinese goods.
  • 2 days ago
    BlackBerry Ltd. has entered a strategic alliance with PT Elang Mahkota Teknologi Tbk. (Emtek) that will provide cross-platform BlackBerry Messenger (BBM) users with access to enriched content and services. Emtek's digital content arm KMK Online will establish an office in the Toronto area to work closely with BlackBerry. KMK Online has a wide breadth of media assets that will be combined with...
  • 2 days ago
    Canadian Real Estate Investment Trust (REIT) NorthWest Healthcare Properties has bought the management platform of Generation Healthcare (GHC) from Australia’s APN Property Group for C$58.5 million, along with an option to buy 27.1 million units in GHC in a bid for more control of the largest listed healthcare property REIT in Australia. NorthWest would own a 19.9 per cent interest in GHC after...
  • 5 days ago
    Calgary-based oil and gas company Twin Butte Energy Ltd. and Honk Kong-based Reignwood Resources Holding Pte. Ltd. have entered into an agreement for Reignwood to purchase all of Twin Butte’s shares and debt. The transaction, including debt, is valued at about C$256 million. Reignwood Resources is a partnership of the Hong Kong-based Reignwood Group and Canada-based Horizon Holding Group.
  • 5 days ago
    Vancouver-headquartered East Asia Minerals Corp. has entered into a conditional sale and purchase agreement with Core Mining Pte. Ltd. of Singapore. The agreement contemplates the sale of 100% of East Asia Minerals’ shares in Sangihe Gold Corp. (SGC) to Core Mining. SGC holds a 70% interest in PT Tambang Mas Sangihe (the project company), which owns the Sangihe mining project in Indonesia. The...
  • 6 days ago
    Bee Vectoring Technologies International Inc., headquartered in Mississauga, has secured patents from the Canadian and Chinese patent and trademark offices for a technology that enables pollinating bees to pick up and deliver disease and bio-controls at the hive and deliver them to crops, reducing the need for chemical spraying. BVT is seeking similar patents in 40 countries around the world...
  • 6 days ago
    The Canada Pension Plan Investment Board (CPPIB) has announced a series of new appointments, including two key roles in Asia. Suyi Kim, who joined CPPIB nine years ago to help establish its first international office in Hong Kong, has been appointed managing director, head of Asia, and will be responsible for overseeing CPPIB’s portfolio of Asian investments. Deborah Orida, who joined CPPIB in...
  • 6 days ago
    Montreal-headquartered Bombardier Inc.'s Bombardier Transportation's Australian joint venture with Downer EDI, known as EDI Rail Bombardier Transportation, has been awarded a contract to supply an additional 10 three-car commuter trains to Western Australia's Public Transport Authority. The contract, which includes a maintenance agreement through 2026, is valued at US$384 million, with delivery...
  • 7 days ago
    Global OConnect, a Chinese company focused on helping Chinese small and medium-sized enterprises (SMEs) supply international markets, will launch an exhibition warehouse in Toronto next week. The warehouse, its first in North America, will feature high-end Chinese brands and will allow for quicker delivery to local retailers. Global OConnect is an offline business affiliate of the OSell e-...
  • 7 days ago
    Halifax-based Stockport Exploration Inc., a mineral exploration company with assets in Africa, Ontario and Mexico, has entered into a cash and share option agreement with Sydney, Australia-based Sovereign Gold Company Limited for Sovereign to acquire 100% of Stockport's 317 claim units within the Crescent Lake Lithium Prospect in northern Ontario. Stockport received C$100,000 upon signing the...
  • June 21, 2016
    Toronto-based TMX Group and Shanghai Clearing House (SHCH) have signed a memorandum of understanding to establish a cooperative relationship to share information with respect to each other's businesses and explore opportunities for collaboration. The agreement will see the two form a working group to evaluate joint business opportunities, including the development of progressive market solutions...
  • June 21, 2016
    Vancouver-based Naturally Splendid Enterprises Ltd. has received orders for C$1.45 million of shelled hemp seed hearts from Seoul, South Korea-based Korea Beauty & Health Care Co. Ltd (KBH). Naturally Splendid and KBH signed an agreement for KNH to be the exclusive South Korean distributor of Naturally Splendid’s hemp food brands earlier this year. Naturally Splendid produces foods and other...
  • June 21, 2016
    MaRS Discovery District, a not-for-profit corporation focused on commercializing publicly-funded medical research and other technologies, is hosting a panel discussion in Toronto on June 28 focused on helping Canadian companies tapping into China’s cleantech market. The event addresses intellectual property protection, identifying market opportunities, dealing with investors and building...
  • June 20, 2016
    Space Systems Loral (SSL), a wholly-owned subsidiary of Richmond, BC-based MacDonald Dettwiler and Associates Ltd. (MDA), launched a satellite designed and built for PT. Bank Rakyat Indonesia (Persero) Tbk. (BRI). The satellite, named BRIsat, will be a dedicated platform for banking connection services for the people of Indonesia. BRI is one of Indonesia’s largest banks, with an estimated 30...
  • June 20, 2016
    Gfresh, an online marketing firm for seafood trade in Asia, and the China Certification and Inspection Group Canada (CCICCA) have signed a memorandum of understanding to streamline the sale Canadian of shellfish and other seafood products in China. The agreement will see CCICCA and Gfresh develop a pre-shipment inspection system for Canadian seafood exports into the Gfresh online platform,...
  • June 20, 2016
    Air Canada has launched daily, non-stop service between Toronto and Seoul, South Korea. The first flight, which took place on June 17, marked the tenth international route to be added by Air Canada in the last month. In addition to the Toronto-Seoul route, Air Canada has also recently added a route connecting Vancouver to Brisbane, Australia. Air Canada is an international airline headquartered...
  • June 17, 2016
    Mega Profit Worldwide Limited (Mega Profit), an affiliate of Shandong Xiangguang Group Co., Ltd. (XGC) in China, has acquired ownership of 3.5 per cent of the common shares of Vancouver-based Reservoir Minerals Inc. (Reservoir) through the alternative trading facilities of Chi-X Canada. XGC and Mega Profit now own and control 6.5 per cent of Reservoir, an increase of approximately 3.57 per cent....
  • June 17, 2016
    Montreal-based PSP Investments has taken ownership of four toll highways totalling 710 km in northern India as part of a global transaction with Spanish infrastructure company Grupo Isolux Corsan (Isolux Corsan). In May Isolux Corsan created a subsidiary, Isolux Infrastructure, in order to transfer a portfolio of nine global road assets to PSP Investments. PSP has renamed Isolux Infrastructure as...

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