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Since Trudeau came to power, he seems to be selling Canada to China, piece-by-piece. This wouldn't be news except that the entities that buy up......are red-flagged!
And now, the Aecon takeover.
Trudeau tries to reassure us by spouting off about security measures and screenings regarding AECON takeover - surely he can't be serious?
Justin's been so cozy with China. Remember the cash for access fundraisers, and the state dinner in honor of the Chinese Premier where-in 61 Liberal Party donors were invited, along with all those corporations, law firms and lobbyists? Need we forget his infamous praise and admiration for China's regime?
It feels like our soul is being sold to the devil. Where are we heading?
https://beta.theglobeandmail.com/ne...34107591/?ref=http://www.theglobeandmail.com&Ottawa approves sale of B.C. retirement-home chain to Chinese group with murky ownership
Canadian officials said on Tuesday their review of the takeover included a screening for any potential impact on national security. "No issues were raised," a spokeswoman for Innovation, Science and Economic Minister Navdeep Bains said.
Federal officials did not explain how they have been able to get a clear picture of Anbang's ownership and corporate structure.
Lack of transparency has emerged as a problem for the company. Last year, Anbang withdrew an application for regulatory approval of a purchase of Iowa-based Fidelity & Guaranty Life, according to Reuters, after the New York Department of Financial Services sought more details about the Beijing firm's funding and shareholder structure – information Anbang was not immediately able to provide.
The New York Times reported last September that Anbang's structure has stoked such suspicion about its true ownership that some Wall Street firms, including Morgan Stanley, have opted not to advise the company on United States mergers and acquisitions because they cannot get the information needed to satisfy their "know your client" guidelines.
"Our primary concern around this [sale] is what in essence is a loss of control over a public asset that has been subsidized by taxpayers, by British Columbians," said Jennifer Whiteside, secretary-business manager of the HEU.
https://beta.theglobeandmail.com/ne...35758019/?ref=http://www.theglobeandmail.com&Chinese firm expelled from trade association days before takeover of Canadian high-tech company
Hytera Communications – whose principal shareholder is billionaire chairman Chen Qingzhou – has had long-standing close ties to the ministry that oversees China's police and security agencies. It has won numerous contracts to supply mobile and digital radio systems to Chinese police departments and local governments.
The Trudeau government approved the Norsat sale to Hytera in early June without conducting a full-scale national security review.
And now, the Aecon takeover.
Controversial Chinese firm to buy Aecon for $1.5B pending regulatory approvals | National Business | kelownadailycourier.caControversial Chinese firm to buy Aecon for $1.5B pending regulatory approvals
China Communications Construction Company Ltd. said on Thursday it has agreed to pay $20.37 per Aecon share in cash to buy Aecon, which said in August that it was looking for potential buyers.
CCCC Ltd. was barred from involvement with any World Bank construction projects for eight years until recently for fraudulent practices in the Philippines.
Trudeau tries to reassure us by spouting off about security measures and screenings regarding AECON takeover - surely he can't be serious?
Justin's been so cozy with China. Remember the cash for access fundraisers, and the state dinner in honor of the Chinese Premier where-in 61 Liberal Party donors were invited, along with all those corporations, law firms and lobbyists? Need we forget his infamous praise and admiration for China's regime?
It feels like our soul is being sold to the devil. Where are we heading?