Xinjiang La Chapelle Fashion Co., Ltd. Class H (HK:6116) has released an update.
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Xinjiang La Chapelle Fashion Co., Ltd., a Chinese joint stock company listed under stock code 06116, is currently in the process of bankruptcy reorganization. The company has faced a series of legal petitions due to its inability to repay debts, leading to a court-mandated reorganization process which involved selecting an official reorganization investor. The draft reorganization scheme’s submission deadline has been extended multiple times, with the latest extension setting the new deadline to 12 August 2024.
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