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On 6 Oct 2008, Shandong Helon Co Ltd and Xinnong Development Co Ltd agreed to jointly invest RMB Yuan 168 M in Xinjiang Helon Chemical Fiber Co Ltd. Investment of RMB Yuan 92.4 M will provide Shandong Helon with a 55% stake in the joint venture, the balance being invested and held by Xinnong Development. Xinjiang Helon commissioned a first-phase …