K Wah unit in $200m venture

K WAH International Holdings' 90 per cent controlled Victory Way is investing $200 million in a joint venture with Hua Xian Xinhua Real Estates Development Company.

The venture, Guangzhou Hui Cheng Real Estates Development Company, will develop a 667,000 square metre plot. Victory Way is providing the share capital of the company - $200 million - and will take 70 per cent of the profits.