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 process, with the Shanghai No.3 Intermediate People’s Court appointing a new administrator from JunHe LLP, Shanghai Office after King & Wood Mallesons’ conflict of interest was identified. The court has granted extensions for submitting the reorganisation scheme, with the latest deadline set for 12 August 2024, as the company works towards recovery.
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