Xinjiang La Chapelle Fashion Co., Ltd. Class H (HK:6116) has released an update.
Xinjiang La Chapelle Fashion Co., Ltd. is undergoing bankruptcy reorganization, with a recent extension granted until August 12, 2024, to submit its draft reorganization scheme. The company, struggling with debt repayment, has engaged new administrators and reached an agreement with reorganization investors to navigate through its financial difficulties. A court will also decide on a consolidation request from creditors involving the company and related entities, which could affect the reorganization process.
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