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 bankruptcy reorganization as it struggles to repay its debts. The Shanghai court has appointed JunHe LLP as the new administrator to oversee the reorganization process. The company has entered into a Reorganisation Investment Agreement, and efforts are underway to consolidate restructuring with related companies.
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