Xinjiang La Chapelle Fashion Co., Ltd. Class H (HK:6116) has released an update.
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Xinjiang La Chapelle Fashion Co., Ltd. has been undergoing a bankruptcy reorganization process, with a Shanghai court appointing JunHe LLP as the new administrator to ensure orderly proceedings. The company has entered a reorganization investment agreement with investors and is navigating through creditor applications for consolidation with related companies, which could impact its reorganization plan. The court has granted extensions to submit a draft reorganization scheme, as the company works to resolve its financial challenges.
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