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 undergoing a complex reorganization, which includes court hearings for consolidation with related companies, a review of its cancelled stock listing, and a potential waiver for delayed dispatch of a mandatory circular. The company’s securities remain suspended since February 2023, and there are multiple uncertainties surrounding the reorganization process, including creditor and court approvals, which may result in bankruptcy and liquidation if not successful.
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