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 undergoing a significant bankruptcy reorganisation, with a liquidation petition initially presented due to the company’s inability to repay its debts. The Shanghai No.3 Intermediate People’s Court has now extended the deadline for the company to submit its draft reorganisation scheme to 12 August 2024. The process has included a change of administrators and an agreement with reorganisation investors, indicating a proactive approach towards resolving the company’s financial challenges.
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