Major trader Marubeni and Tokyu Land have announced the two Japanese firms and their Hong Kong partner, the Sun Wah Group, have created a special purpose company for a building complex development project in China.
Marubeni has 25%, Tokyo Land 5% and Sun Wah Group 70%.
The plan is to build houses for sale, commercial buildings and offices in Shenyang in China’s Liaoning Province. They plan to put the first houses on the market by the end of the year.
Perhaps it would be better to look at this as major Chinese company getting financial support from two Japanese companies.
Source: Japan’s Corporate News Network