HK Bank Canada buys firm

Hongkong Bank of Canada has acquired 19 per cent of Northstar Trade Finance for C$2.21 million (about HK$11.14 million) through the purchase of 170,000 common shares and 300,000 non-voting class H shares, it announced last night. Export-financing firm Northstar Trade Finance has loan commitments in excess of $260 million and assets amounting to $107 million.