Xinjiang La Chapelle Fashion Co., Ltd. Class H (HK:6116) has released an update.
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Xinjiang La Chapelle Fashion Co., Ltd. is currently navigating through litigation concerning financial loan agreement disputes with China Huarong Asset Management Co., Ltd. The company and its owned subsidiaries have been ordered by the Jing’an Court to repay approximately RMB 421 million plus interest, and the court has initiated compulsory enforcement proceedings.
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