Xinjiang La Chapelle Fashion Co., Ltd. Class H (HK:6116) has released an update.
Xinjiang La Chapelle Fashion Co., Ltd. is undergoing a significant financial reorganisation, which includes the conversion of capital reserves into new shares and a debt repayment scheme involving both cash and share allotment. The company has entered into an agreement to issue over 1.89 billion new shares, aiming to bolster its capital structure amid continued suspension of trading. Through these strategic moves, the company is navigating bankruptcy reorganisation with the support of investors and court-approved schemes.
For further insights into HK:6116 stock, check out TipRanks’ Stock Analysis page.