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 recent court extensions allowing for the submission of a draft reorganisation scheme by August 12, 2024. The company has secured an official reorganisation investor, indicating progress in its efforts to manage its debts and avoid liquidation. Shareholders face the risk of losing their investments if the reorganisation plan fails to gain approval.
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