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Canasia Industries Corporation V.CAJ



TSXV:CAJ - Post by User

Post by tiengongon Jun 29, 2012 8:21pm
226 Views
Post# 20071080

What is Canada's law regarding foreign ownership?

What is Canada's law regarding foreign ownership?

Does anyone knows Canada's laws regarding foreign ownership of shares of public companies? 

Can a Chinese mining company hold the majority share of a mining company, dictate its policy to control and suppress share price and may offer remaining shareholders say 30 cents per share to buyout the company and say "take it or leave it!" despite the company may worth billions of dollars and leave shareholders with no choice?  Or can that company let share price be depressed indefinitely and scoop up 100% of the shares, own the company, mine the gold and ship it back to China FREE?

Your correct insight may release fear and uncertainty among Canadian shareholders.

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