Shentong Group gains shares to Viryd Tech
Business Wire reports that wind turbine company Viryd Technologies has received a significant investment from Shentong Auto Decorations Ltd. in return for shares to the company. Viryd and Shentong plan a joint venture in wind turbine manufacture for international markets, with emphasis on emerging opportunities in China. Shentong will own 16.6% and appoint a representative to the Board of Directors.


