News Service

  • 22 hours ago
    Richmond, B.C.-based merchants will soon be able to better market to Chinese tourists thanks to a new agreement between Tourism Richmond and local businesses through Alipay’s mobile payment platform. Alipay, which is associated with Chinese online retail giant Alibaba, allows merchants to highlight their business on a location-based “discover” function. Merchants can also market to Chinese...
  • 22 hours ago
    Vancouver-based Steelhead LNG has closed a deal with South Korea's Hyundai Heavy Industries Co. Ltd. to provide engineering and design of two LNG hulls as part of phase one of the Kwispaa LNG project on Vancouver Island. Each hull is expected to measure 340 metres in length and 60 metres wide and feature five individual tanks that provide approximately 280,000 cubic metres of LNG storage. The...
  • 22 hours ago
    Vancouver-based Cozy Holding Corp. has announced that its property management company Cozy Living Inc. has secured an investment from Beijing-headquartered Sweetome, a subsidiary of Tujia. The investment follows Cozystay’s recent announcement that it would integrate blockchain into its platform. Tujia is China’s largest short-term property rental firm, and thought of by many as China’s AirBnB....
  • 22 hours ago
    Toronto-headquartered-Canada Pension Plan Investment Board (CPPIB) and the Bangaluru, India-headquartered commercial real estate company RMZ Corp have entered into an agreement to purchase a property in Bengaluru for C$115 million. The newly formed joint venture plans to develop eight to ten million square feet of leased office space. RMZ and CPPIB are also formalizing a deal to acquire 13 acres...
  • 2 days ago
    YOFOTO Health Industry Co., Ltd., a Chinese health industry firm, has concluded a seven-day study tour to Canada for more than 200 of its employees. To better understand the Canadian market and seek opportunities to work with local businesses, YOFOTO employees visited Calgary and Vancouver during the tour. YOFOTO covers health monitoring, scientific nursing, exclusive guarantees, targeted medical...
  • 2 days ago
    Toronto-based Grasshopper Solar has announced a US$10-million investment in six Univergy Solar power plants in Japan. These projects total 4 MW, will utilize 12,500 solar panels, generate 4,544 MWh of clean energy, and deliver 3,283 tons of carbon emission abatement annually. The portfolio will be developed by Univergy, an international solar energy company headquartered in Spain, and...
  • 2 days ago
    Seaspan ULC (Seaspan), a North Vancouver, B.C.-based charter owner and operator of containerships, has announced the closing of its public offering of 6,000,000 shares for US$150 million. Seaspan said it will use the proceeds for general corporate purposes, which may include funding acquisitions, debt repayments, and redeeming certain preferred shares. Seaspan charters vessels for long-term,...
  • 3 days ago
    Vancouver, British Columbia-based Incognito Software Systems (Incognito) has announced that Globe Telecom Inc. (Globe) is in partnership with Incognito’s Digital Home Experience Solution. Globe is one of the largest and fastest growing mobile, fixed line, and broadband operators in the Philippines, and with Incognito’s remote management system, it will be able to resolve home connectivity issues...
  • 3 days ago
    Halifax, Nova Scotia-based Chorus Aviation has signed lease agreements with Philippine Airlines for three new Bombardier Q400 aircraft. The new Q400 are scheduled for delivery in the third and fourth quarters of 2018, and the agreement marks Chorus Aviation’s first lease transaction in Southeast Asia, a fast-growing market for airlines. Chorus Aviation is a holding company that has been leasing...
  • 3 days ago
    Toronto-based Fairfax India Holdings Corp. (Fairfax India) has entered into an agreement with Sanmar Chemicals Group (Sanmar) in India to increase Fairfax India’s equity interest in the firm to approximately 43 per cent. In 2016, Fairfax India completed an investment of US$300 million in bonds maturing on April 22, 2023 and common shares that represented a 30 per cent equity interest. Under the...
  • 4 days ago
    Novo Resources Corp. (Novo) has entered into two property transactions in the Egina region of Western Australia. Novo entered into a purchase agreement to acquire 100 per cent of the issued and outstanding shares of Farno-McMahon Pty. Ltd. (Farno), an Australian exploration company. Farno holds a 100 per cent interest in four key tenements in Egina, including two mining leases. Novo paid A$150,...
  • 4 days ago
    Minister of International Trade Diversification Jim Carr opened the second reading of Bill C-79 today, the legislation that will implement the Comprehensive Progressive Agreement for Trans-Pacific Partnership (CPTPP) if ratified. Minister Carr highlighted the CPTPP’s potential to boost Canada’s GDP by supporting growth for businesses and workers in different economic sectors. He also underscored...
  • 4 days ago
    Quebec City-based Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest pension fund, has agreed to acquire a 40 per cent stake in CLP India for US$368 million, valuing the company at US$920 million. CLP India is the wholly-owned local arm of CLP Holdings (formerly known as China Light & Power), and it is one of the largest foreign investors in the Indian power sector. CLP...
  • 7 days ago
    Alberta’s Premier Rachel Notley and Energy Minister Margaret McCuaig-Boyd joined Nexen officials, First Nations enterprises, and other local suppliers to highlight a C$400 million investment by Nexen in Alberta’s Long Lake South West project. Nexen is a wholly owned subsidiary of Beijing-based state-owned enterprise CNOOC Ltd. The project expects to achieve first oil production in 2020, and will...
  • 7 days ago
    Two major Chinese companies and a group of Indigenous communities in Alberta are proposing to build a new oil sands refinery and petrochemical complex in the province. Beijing-based and state-owned China Petroleum & Chemical Corp., better known as Sinopec, China Construction Industrial & Energy Co. Ltd., and a consortium of Alberta Indigenous groups signed an agreement with the Edmonton-...
  • September 13, 2018
    Minister of Small Business and Export Promotion, Mary Ng, will attend the World Economic Forum’s Annual Meeting of the New Champions in Tianjin, China, on September 19, 2018. Minister Ng will participate in sessions on gender parity and the future of work, as well as the promotion of female entrepreneurship.
  • September 13, 2018
    Aylmer, Ontario-headquartered WeedMD has completed the export of its cannabis genetics to Australia’s Medifarm, a privately-held Queensland-based licensed producer (LP). The deal marks one of the first instances of a Canadian LP partnering internationally for the purpose of sale and export of cannabis strains. WeedMD Inc. is a federally-licensed producer and distributor of cannabis under the...
  • September 13, 2018
    Vancouver-headquartered Minco Silver Corporation has entered into a preliminary agreement to acquire 70 per cent of the equity interests in Changling Longxin Mining Co., Ltd., a Chinese mining company which holds a 100 per cent interest in the Longwangshan Gold Mine, located in Hunan, China. The estimated purchase price ranges from C$28 million to 32 million. In conjunction with the proposed...
  • September 12, 2018
    Vancouver-headquartered Japan Gold Corp. has received approval from the Japanese Ministry of Economy, Trade and Industry for five prospecting rights applications over the Ohra-Takamine project in the Southern Kyushu. The Ohra-Takamine project totals 1,681 hectares covering historic gold-silver mines in the highly gold-endowed Hokusatsu-Kushikino mining district. Japan Gold is a mineral...
  • September 12, 2018
    Waterloo, ON-headquartered Axonify, a global corporate microlearning platform with customers in 95 countries, today announced that Grab Inc. has implemented the Axonify Microlearning Platform to provide comprehensive driver-partner onboarding and continuous learning for millions of driver-partners across the region. Singapore-headquartered Grab is a leading ride-sharing platform in Southeast Asia...

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