Xinjiang La Chapelle Fashion Co., Ltd. Class H (HK:6116) has released an update.
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Xinjiang La Chapelle Fashion Co., Ltd. has announced the court’s approval of the reorganisation scheme for its former subsidiary, La Chapelle Taicang, concluding the subsidiary’s restructuring process. The draft reorganisation plan received approval from the majority of creditor groups, with amendments made to address secured debts, ensuring full settlement and compensation for mortgagees. This marks a key step in addressing the company’s financial restructuring and legal proceedings involving its subsidiaries.
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