Canada-Asia News Service
A daily summary of Canada-Asia business and government news including top headlines from the region. Following a story? Search the archives.
HKCBA to Host “Asia Calling: How to Answer” June 5 in Vancouver
The Hong Kong Canada Business Association’s (HKCBA) Vancouver Section will host a luncheon event on June 5 titled “Asia Calling: How to Answer.” The event, which will be held at the Hyatt Regency Hotel in Vancouver, will feature keynote speaker Stockwell Day, Strategic Advisor of MacMillan Ltd. Mr. Day will focus on how Canadian companies can learn from and take advantage of opportunities in Asia. For more information, click here.
Bengal Energy Forms JV with Beach Energy of Australia
Calgary-based Bengal Energy Ltd., an international junior oil and gas exploration and production company, announced that it has agreed to form a strategic joint venture with Beach Energy Ltd. of Australia for the exploration and development of Bengal Energy’s 100% owned Tookoonooka Block in the Cooper Basin of Australia. Beach Energy will fund Bengal’s share of a two-well drilling and 3D seismic exploration and appraisal work program to a maximum of US$11.1 million. Bengal Energy will use Beach Energy’s exploration, appraisal and development capabilities.
West Mountain Capital Forms JV Agreement with Reignwood Group of China
West Mountain Capital Corp., a Calgary-based investment company that focuses on environmental services, has formed a joint venture agreement with The Reignwood Group of China, a multinational company with investments in a wide range of goods and services. The agreement is for a jointly owned corporation named Reignwood Environmental which will perform services such as brownfield redevelopment, site remediation, and oily sludge treatment. Reignwood Environmental will be owned 55% by West Mountain and 45% by Reignwood.
Ontario Teachers’ Pension Plan to Open Office in Hong Kong
The Ontario Teachers’ Pension Plan announced that it has received licensing to open an office in Hong Kong in the coming months. The Ontario Teachers’ Pension Plan, which has C$129.5 billion in assets, invests and administers the pensions of more than 300,000 retired and active teachers in Ontario.
CCBC to Host Event on How Canada is Growing Business in China
The Canada China Business Council (CCBC) will host a luncheon event, “How Canada is Growing Business in Shanghai and Eastern China,” on Monday, June 12 in Vancouver. The event will feature Mr. Rick Savone, Consul General of the Canadian Consulate General in Shanghai, China, who will speak on how Canadian businesses can best position themselves to seize economic and commercial opportunities in Shanghai and greater Eastern China. For more information and ticket pricing, click here.