State-owned developer Huafa to buy 30% stake in Weiye for $127m

State-owned developer Huafa to buy 30% stake in Weiye for $127m

Huafa Industrial Co., Ltd,  a subsidiary of state-owned Zhuhai Huafa Group Co., Ltd, has entered an agreement to pick up a 29.99 per cent stake in SZ-listed construction decoration services provider Weiye Decoration Group for nearly 900 million yuan ($127 million).

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