| 21.07.2011 - China saves another troubled Canadian firm |
| China National Offshore Oil Corp. wants to buy Opti Canada Inc for $2.1-billion (U.S.), a value that includes assuming $825-million of Opti's current debt. It's a great outcome a company whose image was severely tarnished. In 2009 China Investment Corp. invested $1.5-billion (U.S.) in Teck Resources Ltd., which was struggling for survival during the recession. That investment is now worth about five times the initial outlay..............................................Full Article: Source |