No security risks in Chinese takeover of Canadian satellite firm: Trudeau [CBC (Canadian Broadcasting Corporation)]
NORSAT INTL (NSAT)
NASDAQ:AMEX Investor Relations:
norsat.com/company/news-releases
Company Research
Source: CBC
No security risks in Chinese takeover of Canadian satellite firm: Trudeau Norsat securityholders have agreed to takeover bid from China's Hytera Communications Co. Ltd. Prime Minister Justin Trudeau is making his strongest defence yet of his government's decision to allow a Chinese telecom giant to take over a Canadian satellite technology company. Trudeau says an initial government review of the takeover, required under federal law, unearthed no significant national security risk and didn't require any further reviews, allowing the deal to be allowed to proceed. He insists his government would never approve any foreign takeover if there is even a hint of concern that it would harm national security. Hytera Communications Co. Ltd. is set to take over Vancouver-based Norsat International Inc., which supplies materials to the American military and Canada's NATO partners. The deal has been the focus of a debate over national security risks and the federal government's willingness to appr
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