Xinjiang La Chapelle Fashion Co., Ltd. Class H (HK:6116) has released an update.
Xinjiang La Chapelle Fashion Co., Ltd. is undergoing a bankruptcy reorganization procedure, with the Shanghai No.3 Intermediate People’s Court appointing JunHe LLP as the new administrator after King & Wood Mallesons (Beijing), Shanghai Branch’s involvement created a potential conflict of interest. The company has been granted an extension for the submission of its draft reorganization scheme, now due by August 12, 2024, while it continues to fulfill its information disclosure obligations under the supervision of its administrator.
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