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Technology Stocks : Newbridge Networks

NN 16.22

-2.5%

Jan 2 9:30 AM EST

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To: w2j2 who wrote (2495)	11/27/1997 3:56:00 PM
From: limey	of 18016

OTTAWA, Nov 27 (Reuters) - Canadian companies have signed 12 deals worth C$2.3 billion with Chinese partners, Canadian Trade Minister Sergio Marchi said on Thursday. Canadian companies will be investing in Chinese manufacturing, telecommunications infrastructure, banking, housing, environmental technologies and transportation. The deals include C$1.42 billion in memomrandums of understanding or letters of intent, C$670.9 million in contracts and C$168 million in joint ventures. Alcan Aluminium Ltd signed a letter of intent worth C$1.42 billion for a proposed smelter and power complex in Hejin City, Shanxi Province, Marchi said. Bank of Nova Scotia received a licence approval to open a branch in Chongquing. Bombardier Inc signed a memorandum of understanding to produce high-grade passenger railcars. Inter-Citic Envirotec Inc signed a testing agreemen with Beijing General Mining and Metallurgical Corp. Newbridge Networks Corp signed an agreement with the Guangdong Post and Telecommunications Authority to supply C$43 million in data network equipment.

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