The Honourable François-Philippe Champagne, Minister of Innovation, Science and Trade, made the next assertion:
“In accordance with the Funding Canada Act, international investments are topic to evaluation for nationwide safety issues.
“On account of the Authorities of Canada’s multi-step nationwide safety evaluation course of, which entails rigorous scrutiny by Canada’s nationwide safety and intelligence neighborhood, the Authorities of Canada, via the Governor-in-Council, has ordered the dissolution of the Canadian companies carried on by Bluvec Applied sciences Inc. and Pegauni Know-how Inc., and for these firms to stop all operations in Canada.
“The federal government’s choices are primarily based on details and proof and on the recommendation of Canada’s safety and intelligence neighborhood and different authorities companions.
“While Canada continues to welcome foreign direct investment, we will act decisively when investments threaten our national security.”