Xinjiang La Chapelle Fashion Co., Ltd. Class H (HK:6116) has released an update.
Xinjiang La Chapelle Fashion Co., Ltd. is undergoing a bankruptcy reorganisation procedure, with the latest developments including the appointment of JunHe LLP as the new administrator by the Shanghai Higher People’s Court. Shareholders have been warned of the potential risk of their shares becoming worthless if the company fails to approve a reorganisation plan. The company is now seeking a two-month extension for submitting its draft reorganisation scheme.
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