Huafon Chemical announced that its subsidiary, Huafon Chongqing Spandex Co., Ltd., intends to jointly invest with Chongqing Juneng Dongfang Investment Center (Limited Partnership) and Chongqing Changshou Economic Development Zone Investment Group Co., Ltd. to establish a joint venture company with a registered capital of 0.3 billion yuan, of which Huafon Chongqing Spandex Co., Ltd. will subscribe to 0.18 billion yuan, holding a 60% stake. The joint venture company will engage in the production and sale of spandex fibers.
华峰化学：子公司拟与相关方共同投资设立合资公司
Huafon Chemical: Subsidiaries plan to jointly invest with related parties to establish a joint venture company.
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