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Top stories of Canada-Asia business and government relations. Following a story? Search the archives by keyword.
City of Vancouver Leads Green Capital Mission to China, September 5 to 16
Vancouver Mayor Gregor Robertson will lead a delegation of 22 companies on a mission to China from September 5 to 16. The purpose of the business mission is to land investment and jobs for Vancouver companies in China’s growing market. The delegation will visit Beijing, Guangzhou, Hong Kong and Shanghai. In Shanghai, the group will attend “Green Capital Day” at the Vancouver Pavilion at the Shanghai Expo.
Enablence Technologies Deploys Broadband Access Solutions in China
Ottawa-based Enablence Technologies Inc., a designer, manufacturer and seller of optical components, subsystems and systems, is delivering $6 million worth of equipment to China’s Dalian Huanyu Sunshine Group Co. Ltd. Huanyu Sunshine is a Chinese telecommunication equipment vendor that has a $20 million agreement with Enablence to sell next generation networks migration solutions for Chinese telecom service providers. The agreement was first struck with Teledata Networks, which Enablence acquired in June. Under the terms of the agreement with Huanyu Sunshine, Enablence will provide its multi services access gateway platform.
China Gold International Resources to Acquire Mine in Tibet
Vancouver-based mining company, China Gold International Resources Corp. Ltd., announced that it has signed a definitive purchase agreement with China National Gold Group Hong Kong Limited, a wholly-owned subsidiary of China National Gold Group Corporation, the company’s largest shareholder, and Rapid Result Investments Limited, to purchase 100% of Skyland Mining Limited. The chief asset of Skyland is its wholly-owned Jiama property, a copper polymetallic metal mining property located in Tibet. China Gold will purchase all of the issued and outstanding shares of Skyland from the vendors and assume shareholder loans made by China National Gold Hong Kong and Rapid to Skyland in the aggregate amount of approximately US$42.3 million.
Alliance Grain Traders Acquire Balco Grain Services of Australia
Regina-based Alliance Grain Traders Inc. (AGTI), a pulse processor and exporter, announced that it has entered into a letter of intent to acquire all of the assets of Balco Grain and certain real property from Balco Holdings, located at Bowmans, South Australia. The assets to be acquired include real property, vertical and horizontal storage for pulses and grains and related handling equipment. Bowmans is located approximately 95 km from Adelaide. The cash acquisition price and planned capital expansions and improvements in South Australia are valued at approximately C$10 million. The new company will be owned and operated by AGTI’s wholly-owned subsidiary, Australia Milling Group PTY.
Minaean Awarded Contract Valued at $1.60 Million for Bus Queue Shelters in Mumbai
Vancouver-based Minaean International Corp. announced that its Indian subsidiary, Minaean Habitat (India) Pvt. Ltd. (MHI), has been awarded a contract valued at C$1.60 million by a large Indian media company for the production and installation of 200 bus queue shelters. The bus queue shelters are of an ultra modern stainless steel design and will be fabricated in Minaean’s Mumbai plant. MHI has a completion target of 120 days. Minaean is an innovator of rapid, efficient building systems using cold formed steel technologies.
