A subsidiary of WBL Corporation, or Wearnes, has entered into a joint venture agreement with China firm Suzhou Industrial Park Genway Development, or Genway. In the deal, Wearnes subsidiary Shenyang Huaxin International Realty Co will acquire a 78 per cent stake in Suzhou Industrial Park Jian Wu Heng Ye Property Development for RMB400 million. The remaining 22 per cent will be held by Genway, a...
