Inability to repay the arrears, La Chapelle ‘s French subsidiary judicially reorganized

Inability to repay the arrears, La Chapelle ‘s French subsidiary judicially reorganized
On May 18th, Shanghai La Chapelle Apparel Co., Ltd. (hereinafter referred to as “La Chapelle”) issued an announcement announcing that the overseas wholly-owned subsidiary Naf Naf SAS of France was unable to pay off the suppliers and the local government.It initiated judicial reorganization.According to the data, since the establishment of Naf Naf SAS, it has been mainly engaged in the sales of Naf Naf women’s brand products and accessories. La Chapelle completed the equity delivery in June 2019 and achieved 100% holding.As of December 31, 2019, Naf Naf SAS Asset List 1.8.2 billion euros, net assets 273.470,000 Euros; Revenue from January to December 20192.07 billion euros, with a net profit of -5300.760,000 euros.According to the announcement, due to the French “yellow vest” movement, the “12 · 5 strike” has an adverse impact on the French consumer environment and market demand. Naf Naf SAS faces operational pressure and funding gaps in 2019. The actual operating results and established business plansThere are contradictory differences.In the first quarter of 2020, Naf Naf SAS operations deteriorated further due to the continued spread of the new coronary pneumonia epidemic in France.Whereas Naf Naf SAS is unable to repay 2410.60,000 euros due due, the local court ruled on May 15, 2020 local time to start judicial reorganization.Since Naf Naf SAS initiated judicial reorganization, and the district court has appointed judicial administrators to assist Naf Naf SAS in all or part of its operations, La Chapelle has lost control of Naf Naf SAS.In addition, due to the large decrease in Naf Naf SAS expenditures in 2019 and its continued operating capacity faced a major impact, the net decrease in the net income of La Chapelle ‘s 2019 consolidated statements has increased by 4%.4.3 billion yuan.As of March 31, 2020, La Chapelle gradually provided Naf Naf SAS with operating balance of 9613.560,000 yuan.In view of the fact that Naf Naf SAS initiated the judicial reorganization process, it is expected that with the carrying amount as of March 31, 2020, this matter will generate a maximum of 9613 net income attributable to La Chapelle ‘s 2020 consolidated statement.The coefficient of 560,000 yuan affects.Sauna, Ye Wang Zheng Yijia editor Zheng Yijia proofreading the screenshot of Li Ming’s picture announcement

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