a subsidiary held by CDB Development Fund

huafon chemical announced that the fifth meeting of the sixth board of directors was held in january 2016, and the “proposal on cooperation with cdb development fund co., ltd.” was reviewed and approved, and the “investment contract” was signed. cdb development fund co., ltd. will invest rmb 100 million in its subsidiary huafon chongqing spandex co., ltd. to invest in its 60,000-ton differentiated spandex project with…