Xinjiang La Chapelle Fashion Co., Ltd. Class H (HK:6116) has released an update.
Xinjiang La Chapelle Fashion Co., Ltd. is in the midst of a bankruptcy reorganisation, having received court approval for extensions to submit their draft reorganisation scheme, now due by 12 August 2024. The company has been working closely with its newly appointed administrator, creditors, and reorganisation investors to facilitate the process, aiming to resolve debt issues and improve sustainable profitability. Shareholders and potential investors will be kept informed with further announcements as the company works towards meeting the requirements for the resumption of trading.
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