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Frydenberg defends rejecting investment deals from ‘a different China’
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Treasurer Josh Frydenberg is rejecting Chinese investment deals he would have approved in previous years because Australia is dealing with “a different China” under President Xi Jinping.
Mr Frydenberg said his approach to foreign investment had changed to reflect the federal government’s stronger stand on the national interest, in the wake of China’s more assertive position on foreign policy.
Treasurer Josh Frydenberg
Credit:Alex Ellinghausen
He made the comments after a Chinese foreign ministry spokesman warned of damage to Australia because it was a “cat’s paw” for another country, making it clear restrictions on trade were linked to Chinese foreign policy objectives.
Certain defined terms This document comprises the Annual Report and Accounts 2020 for The Hongkong and Shanghai Banking Corporation Limited ( the Bank ) and its subsidiaries (together the group ). References to HSBC , the Group or the HSBC Group within this document mean HSBC Holdings plc together with its subsidiaries. Within this document the Hong Kong Special Administrative Region of the People s Republic of China is referred to as Hong Kong . The abbreviations HK$m and HK$bn represent millions and billions (thousands of millions) of Hong Kong dollars respectively. Cautionary statement regarding forward-looking statements This Annual Report and Accounts contains certain forward-looking statements with respect to the financial condition, results of operations and business of the group.
February 06, 2021 - 6:30 AM The ownership of Okanagan Wind, which has wind turbines at Pennask Summit and Sihish Creek, is changing hands. Canadian Power Holdings Inc., a Calgary-based investor, owner and operator of power generation assets, will acquire the two wind power facilities from Instar AGT Asset Management, Inc. according to Canadian Power. There are 10 wind turbines in total at the two Okanagan locations and the project has a 30-year Crown land lease to operate the wind farms until 2047. The power generated by the turbines is sold to B.C. Hydro and used as electricity across B.C. There are no immediate plans for expansion, but the company will start by taking stock of the inventory, said Derek Goodmanson, chief executive officer of Canadian Power.
CK Group s Canadian Power Holdings to Acquire Okanagan Wind Platform
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CALGARY, AB, Feb. 4, 2021 /CNW/ - CK Group s wholly-owned Canadian Power Holdings Inc. ( Canadian Power ), a Calgary, Alberta-based investor, owner and operator of power generation assets, agreed to acquire two wind power facilities located in the Okanagan region of British Columbia ( Okanagan Wind ). The agreement includes the purchase of 100% of the equity interests in Okanagan Wind and the assumption of certain debt from InstarAGF Asset Management. The transaction is expected to close towards the end of Q2 2021.