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 reorganisation, which includes a Subscription and issuance of Domestic Shares, an application for a Whitewash Waiver, and a Reorganisation Investment Arrangement, all subject to various conditions. Trading of the company’s H Shares has been suspended since February 7, 2023, and may face delisting if the suspension continues beyond the 18-month threshold, which expired on August 6, 2024. The company’s future is uncertain, with the possibility of bankruptcy and total loss for shareholders if the reorganisation scheme is not approved and implemented.
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