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 undergoing a bankruptcy reorganization process after being unable to repay its debts. The Shanghai court has accepted the case, and a reorganization investor has been selected to assist in the restructuring. The court has granted multiple extensions to finalize the reorganization plan, aiming to stabilize the company’s financial footing.
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