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Chicoms Negotiatiating Control of Canadian Energy Giant Husky Energy
From East-Asia-Intel, subscription req'd.The Chinese government is negotiating the purchase of the Calgary-based oil and gas firm Husky Energy, Inc. from Hong Kong billionaire Li Ka-shing, the Toronto Globe and Mail reported last week. Li Ka-shing is chairman of Huchison Wampoa of Hong Kong, the same company that has the port management contracts with Panama at both ends of the Panama Canal. The multibillion-dollar takeover talks have been underway for the past several weeks in Beijing and Hong Kong. China wants full control of Husky through a state-owned company, possibly PetroChina Co. Ltd. Li Ka-shing or his family owns about 71 percent of Husky through Hutchison-Wampoa, the same company that successfully leased two ports at either end of the Panama Canal. The Husky bid is part of China's efforts to secure energy resources for its modernization. China consumes large amounts of oil and other natural resources as part of its modernization drive. China has no known oil reserves, and its lack of energy resources is rapidly pushing Beijing toward expansion, possibly in Russia and Southeast Asia.
How would you like to have a major energy or minerals company in your country owned by the Chicoms? Hutchison Wampoa buys 'em up (fronts) and the Chicoms buy from Hutchison Wampoa. The Chinese acquisitions have raised concerns among some security officials because the assets could be controlled by Beijing. BSO...no sh*t, Sherlock.... U.S. officials believe China is engaged in a major international effort to purchase ports at strategic locations around the world as part of a plan to control major waterways. Another Blinding Statement of the Obvious. Chicom strategic thinking. Posted by: Alaska Paul 2004-12-01 |
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