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Scotiabank announced that its 49%-owned affiliate, Thanachart Bank, has reached an agreement to acquire almost 48% of Thailand’s Siam City Bank. The agreement is subject to regulatory approvals in Thailand. The stake in Siam City Bank is currently owned by Thailand’s Central Bank through the Financial Institutions Development Fund. Upon closing of the 48% stake sale, Thanachart Bank...
March 11, 2010
Calgary-based Maple Leaf Reforestation Inc. announced that it has signed a memorandum of understanding (MOU) with Biodis Engineering Ireland Limited, a partially owned subsidiary of Biodis Engineering Swiss S.A., for three separate joint venture agreements to secure feedstock oils for the production of bio-diesel in China. The first JV will see the installation of a bio-diesel plant made by...
March 11, 2010
Tranzeo Wireless Technologies Inc., a BC-based wireless network equipment manufacturer, announced that it has secured a US$14 million order from PT. Teknologi Riset Global (TRG) for WIMAX equipment it has jointly developed with TRG for the Indonesian market. The order comes after TRG secured a contract from PT Telekomunikasi Indonesia Tbk. (Telkom) to migrate Telkom’s existing services across...
March 11, 2010
Toronto-based entertainment technology company, Imax Corporation, announced that CJ CGV Co. Ltd., a theatre exhibitor in South Korea, signed an agreement to install up to 15 new digital Imax theatre systems and to upgrade four existing film-based Imax theatres to digital systems. Under the terms of the agreement, CJ CGV will add ten new joint venture locations in the major cities of South Korea...
March 10, 2010
Minaean International Corp., a Vancouver-based developer of quick-build light gauge steel technologies, announced that its wholly-owned subsidiary, Minaean Habitat (India) Pvt. Ltd. (MHI), was awarded a purchase order from Indian Oil Corp. Ltd. for 12 modular retail outlets at gas stations in Karnataka, India. The outlets will be prefabricated in Minaean’s Mumbai plant and then shipped to and...
March 10, 2010
Vancouver-based Cadan Resources Corporation announced that it has signed a strategic co-operation and development agreement with REG Mineral Processing Services Pty. Ltd. of Perth, Australia to advance its Tagpura skarn copper-gold project in the Philippines toward an initial trial test and later commercial production. Cadan Resources is a gold-silver-copper company with a focus on production...
March 09, 2010
Vancouver-based Quadra Mining Ltd. announced that it signed a memorandum of understanding with State Grid International Development Limited (SGID), a wholly-owned subsidiary of State Grid Corporation of China, the largest Chinese utility company and a major end user of copper, for the formation of a joint venture. The joint venture will develop and operate Quadra’s Sierra Gorda project and...
March 08, 2010
The government of Nova Scotia announced a new venture between the province and Daewoo Shipbuilding and Marine Engineering Ltd. (DSME) of South Korea. DSME will establish a wind turbine tower and blade manufacturing facility at the former TrentonWorks site. The province is investing almost $60-million and taking an equity stake in the Pictou County operation. DSME is contributing $20.4...
March 08, 2010
Vancouver-based Aldershot Resources Ltd., which is focused on uranium exploration, and Perth, Australia-based Strategic Minerals Corporation, an exploration company with interests in gold and uranium projects within Australia, have signed a letter of agreement leading to a joint venture. The agreement covers Strategic’s exploration licence 3508 which covers 784 sq. km. located 380 km....
March 08, 2010
Vancouver-based Cantronic Systems Inc., announced that it has signed a letter of intent (LOI) to acquire all of the issued and outstanding shares of Actiontop Electronics (Shenzhen) Co. Ltd. of China. Actiontop manufactures high-speed video surveillance cameras and related products. The purchase price is approximately C$3.9 million, made up of RMB denominated cash (40%) and Cantronic common...
March 05, 2010