China's ambassador to Canada says there is no need for a national security review of a Chinese firm's $1.5-billion bid to take over Canadian construction giant Aecon. "In my point of view, it is not necessary to have the scan in the prospective of national security reasons," Lu said. Last month, CCCC International Holding Ltd., a state-owned company, made a $1.5-billion bid to purchase Aecon Group Inc., a Canadian construction firm that has created landmarks like the CN Tower. Case-by-case reviewsCanada has yet to say if it plans to conduct a separate national security review in addition to the standard review required through the Investment Canada Act before approving the deal. National security is a consideration in all Investment Canada Act reviews, but the government can also conduct an additional investigation if it deems one necessary.

Source: CBC News November 07, 2017 21:11 UTC