Xinjiang La Chapelle Fashion Co., Ltd. Class H (HK:6116) has released an update.
Xinjiang La Chapelle Fashion Co., Ltd. has entered into bankruptcy reorganisation, with the Shanghai No.3 Intermediate People’s Court accepting the case and appointing new administrators. Investors have been invited for the reorganisation process, and there have been extensions granted for submitting the reorganisation plan, which is further influenced by a potential consolidation of the company with related entities. The court’s decisions and the appointment of JunHe LLP as the new administrator mark significant steps in the company’s ongoing reorganisation efforts.
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