Huafa Industrial to acquire a 30% stake in Weiye Decoration Group for $127m.

Huafa Industrial, a subsidiary of Zhuhai Huafa Group, and a property development and operation company, agreed to acquire a 30% stake in Weiye Decoration Group, a provider of interior decoration services, for $127m. The deal will require the approval of the Asset Supervision and Administration Commission of Zhuhai and Shenzhen branch of China Securities Depository and Clearing.