The Honourable Gail Shea, Minister of Fisheries and Oceans, announced during her visit to Beijing that an arrangement on new market access between Canada and China has been reached, opening up a new market for Canadian seal products. The cooperative arrangement will allow all Canadian seal products to be exported to China, including meat and oil for human consumption, effective immediately. Both sides are currently working on establishing necessary export conditions for edible seal products. China is the third largest export market of Canadian seafood products with an average of over $300 million in exports annually. Canadian seafood products rank 5th in terms of value of total China imports, according to the United Nations Food and Agriculture Organization.
Information summarized from: Fisheries and Oceans Canada Press Release
Canaccord Genuity and China’s Asia Bio-Chem Group Agree to $10 Million Equity Financing Arrangement
China’s Asia Bio-Chem Group Corp., a manufacturer of cornstarch and related products, has announced a $10 million equity financing deal led by Toronto-headquartered Canaccord Genuity Corp. to finance a downstream production facility at their Daquing plant. The agreement consists of 7.2 million common shares at a price of $1.40 per common share for gross proceed to the company of approximately $10 million. The financing is expected to close on February 1. Canaccord Genuity is the global capital markets division of Canaccord Financial Inc. offering institutional and corporate investment banking, research, sales and trading services.
Information summarized from: Canada Stockwatch
Aperto Network and Tranzeo Wireless Technologies Selected by India’s Reliance Communications to Deploy Equipment for Broadband Wireless Access
British Columbia’s Aperto Networks, a wholly-owned subsidiary of Tranzeo Wireless Technologies, Inc. in Pitt Meadows, BC, was selected to deploy its WiMAX equipment to India’s Reliance Communications, a national telecom service provider. The equipment will assist in the provision of broadband wireless. The first deployment will occur in the first half of 2011. Tranzeo Wireless Technologies manufactures wireless network equipment.
Information summarized from: Marketwire
CAE Awarded Contracts for Five Full-Flight Simulators Valued at More than C$65 Million
CAE, a Montreal-based company that provides simulation and modelling technologies and integrated training solutions for the civil aviation industry and defence forces, has sold five of its 7000 Series Level D full-flight simulators (FFS), an Airbus A380 FFS to Qantas Airways in Australia, three Boeing 737NG FFSs and a CAE SimfinityTM integrated procedures trainer (IPT) to Shanghai Eastern Flight Training Centre (SEFTC) (the training subsidiary of China Eastern Airlines), and an A320 FFS to an undisclosed customer in India. In total, the contracts are worth more than C$65 million.
Information summarized from: CAE Inc. Press Release