“With the SEC filing complaints against Hong Kong based investors on Friday, we need a closer examination of this deal,� said Hélène LeBlanc NDP Industry Critic and MP for LaSalle—Émard. “Conservatives must agree to hold a thorough, transparent and public review of this takeover.�
Zhang Zhi Rong, one of the wealthiest men in China, along with other investors are alleged to have made $13-million through inside knowledge of the proposed buyout of Canadian company Nexen by the state owned CNOOC.
Zhang is chairman of Rongsheng Heavy Industries Group, which entered a strategic cooperation agreement with CNOOC in 2010.
“Allegations of insider trading are extremely serious and must be a wake-up call for the Conservatives. Now isn’t the time to sit back and rubber stamp this deal,� said NDP Natural Resources Critic Peter Julian (Burnaby—New Westminster). “Conservatives must show they are on the side of Canadians, not the company, and allow public hearings into this proposed $15.1 billion cash deal.�
New Democrats added that when it comes to protecting Canadian jobs and industry, they will continue to hold the Conservative government to account.
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For more information, please contact:
Marc-André Viau, Lead Caucus Press Secretary, 613-295-9228 or [email protected]