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 bankruptcy reorganization process after a creditor’s petition led to court intervention. The Shanghai Court has appointed JunHe LLP as the new administrator to ensure orderly proceedings, with deadlines extended for submitting a reorganization scheme. The company has also entered into a Reorganisation Investment Agreement with investors.
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