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.
APF Canada Appoints Three Board Directors
The Asia Pacific Foundation of Canada (APF Canada) has announced the appointment of three new members to its Board of Directors: Marie-Lucie Morin, Evaleen Jaager Roy, and Indira Samarasekera. Marie-Lucie Morin has served as Executive Director for Canada, Ireland and the Caribbean at the World Bank and in several senior positions in the federal government, including National Security Advisor to the Prime Minister and Associate Secretary to the Cabinet, Deputy Minister for International Trade and Associate Deputy Minister of Foreign Affairs. Evaleen Jaager Roy is the principal of Jaager Roy Advisory Inc. and previously held three senior vice-presidential roles at Electronic Arts. She is on the Advisory Council of the Jack Austin Centre for Asia Studies at Simon Fraser University. Indira Samarsekera is the 12th president and Vice-Chancellor of the University of Alberta. She sits on the Board of Directors of the Bank of Nova Scotia (Scotiabank), Magna International, and The National Institute of Nanotechonology and is a member of the Royal Society of Canada, an Officer of the Order of Canada, and a Foreign Associate of the National Academy of Engineering.
Mirus International Acquires Chinese Manufacturing Facility with EDC Guarantee
Brampton, ON-based Mirus International Inc., which designs and develops power quality improvement products, has acquired a manufacturing facility in China with the backing of a $1 million guarantee from Export Development Canada (EDC). The manufacturing facility will allow Mirus International to become more competitive in Asian markets. EDC is Canada’s trade finance agency, providing financing and insurance to help Canadian companies respond to international business opportunities.
Ultra Electronics Marine Systems to Supply Defence System to New Zealand Navy
Ultra Electronics Marine Systems Inc., a Dartmouth, NS-based company focused on equipment and systems for undersea surveillance and anti-submarine warfare, will supply anti-torpedo defence systems to the New Zealand Navy through a deal with its sister company, Ultra Electronics Sonar Systems of the United Kingdom. The contract is valued at about C$1 million to Ultra Electronics Marine Systems Inc.
BlueFocus of China Acquires Majority Stake in Vision7
Beijing-based BlueFocus Communications Group Inc. (BlueFocus) has purchased a majority stake in Vision7 International (Vision7). Vision 7 is a Quebec City-based marketing and communications company which owns Cossette, a Canadian marketing and communications firm and Citizen Relations, an international public relations firm. BlueFocus is a Chinese communication and marketing services group.
Australia’s Woodside Buys Stake in Kitimat LNG from Apache
Apache Corporation has announced it has agreed to sell its 50% interest in the Kitimat LNG project, based in Kitimat, British Columbia, to Woodside Petroleum Limited of Australia (Woodside). The transaction also includes Woodside purchasing from Apache the Wheatstone LNG project in Australia. The combined purchase price is US$2.75 billion. Apache is an oil and gas exploration and production company based in Houston, Texas. Woodside is an oil and gas company based in Perth, Australia. The Kitimat LNG project is a joint venture with Chevron Canada.